Pie King Cafe
[Closed for Investment] Pie King Cafe is raising funds on SMBX. It is an old-world homestyle pie bakery in Charleston, South Carolina. Pie King Cafe specializes in its signature handmade crust and delicious pies made from scratch using high-quality ingredients. The business has a loyal customer base and ensures commitment, love, and taste in each pie. Toby Simmons founded Pie King Cafe in December 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $75,000. The campaign proceeds will be used for new staff and equipment.
Investment Overview
Raised: $58,470
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 07/05/2024
- Close Date
- 08/13/2024
$10,000
$75,000
$10
Debt
Pre-Seed
RegCF
10.50%
2.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $83,884
- Monthly Burn
- $3,468
-
Runway
- 0.9 months
- Gross Margin
- 56%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/13/2024 | SMBX | - | $58,470 | Debt | Funded | RegCF |