Rosalind Bakery
Bakery
Overview
Raised: $91,600
Total Commitments ($USD)
Platform
SMBX
Start Date
08/30/2023
Close Date
10/12/2023
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
12
% of Min. Goal
458%
% of Max. Goal
74%
Likelihood of Max
Avg. Daily Raise
$2,955
Momentum
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Pacifica, California
Rosalind Bakery is raising funds on SMBX. It is a bakery located in Pacifica, California that makes delectable sourdough bread. Rosalind Bakery’s other offerings include pastries and pizzas made with high-quality ingredients and served with a lot of nostalgia, love, and dedication. The bakery uses the finest ingredients and takes care of every step of its baking process to create unparalleled flavors in its handcrafted loaves, pizzas, and pastries. Matthew Kosoy founded Rosalind Bakery in December 2016. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for the expansion of operations, improvements to the cafe, and refinancing debt.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,917,237 |
$1,995,818 |
|
COGS |
$544,020 |
$499,577 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-134,831 |
$-31,288 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$-10,606 |
$160,988 |
|
Accounts Receivable |
$11,970 |
$5,332 |
|
Total Assets |
$91,210 |
$223,767 |
|
Short-Term Debt |
$556,532 |
$570,722 |
|
Long-Term Debt |
$500,000 |
$500,000 |
|
Total Liabilities |
$1,056,532 |
$1,070,722 |
Financials as of: 08/30/2023
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