RoughEdges Confectionary
Bakery
Overview
Raised: $65,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/21/2024
Close Date
02/18/2024
Min. Goal
$25,000
Max. Goal
$65,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,407
# of Investors
66
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
RoughEdges Confectionary is raising funds on Honeycomb. It is a cottage bakery in Elmhurst, Illinois, that specialises in crafting delightful treats. RoughEdges Confectionary’s offerings include cinnamon rolls, carrot cakes, personalized custom creations, and its lineup of hearty delights called the Bug Chunkers. The business is profitable with no outstanding loans and also serves the community by making donations to many local charities like No Frills Fun Run and the Hinsdale Humane Society. Kai MacNicol founded RoughEdges Confectionary in November 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $65,000. The campaign proceeds will be used for the construction of a brick-and-mortar location and purchasing equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$89,002 |
$53,739 |
|
COGS |
$45,552 |
$41,148 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$21,515 |
$-8,130 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,267 |
$12,646 |
|
Accounts Receivable |
$10,267 |
$0 |
|
Total Assets |
$18,533 |
$12,646 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/21/2024
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.