Proof Bread
Bakery
Overview
Raised: $200,000
Total Commitments ($USD)
Platform
MainVest
Start Date
04/05/2021
Close Date
07/23/2021
Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,835
# of Investors
156
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Proof Bread, a bakery in Mesa, AZ, is raising crowdfunding on MainVest. The bakery has captured the attention of the community with its old-world sourdough bread and pastries. It has a loyal following, with an average of 1,500 customers per week. Proof Bread is owned by Jonathan Przybyl and Amanda Abou-Eid. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $150,000, will be used for the renovation of the bakery. Proof Bread grew during COVID and diversified into various sales channels. The bakery is led by an experienced and passionate team that is regularly increasing its skills and grit.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$385,017 |
$246,710 |
|
COGS |
$97,697 |
$66,389 |
|
Tax |
$100 |
$5,692 |
| ||
| ||
|
Net Income |
$107,078 |
$16,959 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,077 |
$2,241 |
|
Accounts Receivable |
$-687 |
$2,465 |
|
Total Assets |
$156,834 |
$35,409 |
|
Short-Term Debt |
$3,965 |
$12,423 |
|
Long-Term Debt |
$83,137 |
$0 |
|
Total Liabilities |
$87,102 |
$12,423 |
Financials as of: 04/05/2021
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