Overview
Raised: $105,300
Total Commitments ($USD)
Platform
MainVest
Start Date
05/21/2023
Close Date
07/21/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
1.90%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,755
# of Investors
125
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Proof Bread is raising funds on MainVest. The Phoenix based bakery has captured the attention of the community with its old-world sourdough bread and pastries. It is now looking to upgrade its front of house and expand on its offerings with Roman Pizza, a beverage program, and curated retail products. The new beverage program alone is expected to increase sales 20-30%. Jonathan Przybyl and Amanda Abou-Eid founded Proof Bread in June 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used to build out the new front of house and purchase additional equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,057,584 |
$791,415 |
|
COGS |
$309,409 |
$189,062 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-88,019 |
$107,078 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$12,668 |
$167,704 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$630,343 |
$397,330 |
|
Short-Term Debt |
$197,726 |
$21,828 |
|
Long-Term Debt |
$21,828 |
$311,367 |
|
Total Liabilities |
$219,554 |
$333,195 |
Financials as of: 05/21/2023
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