Proof Bread

Proof Bread

Bakery

Bakery

Overview

Raised this Round: Raised: $200,000

Total Commitments ($USD)

Platform

MainVest

Start Date

04/04/2021

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    Open SEC Filing

Return Multiple

1.40X

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Mesa, Arizona

Business Type

Life Style

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: 04/04/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Proof Bread 07/20/2023 MainVest - $105,300 Revenue Share Funded RegCF
Proof Bread 07/22/2021 MainVest - $200,000 Revenue Share Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Proof Bread on MainVest
Platform: MainVest
Security Type: Revenue Share

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