RoughEdges Confectionary

RoughEdges Confectionary

Bakery

Bakery

Overview

Raised this Round: 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    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Year Founded

2023

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Elmhurst, Illinois

Business Type

Life Style

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
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RoughEdges Confectionary on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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