Saltwater Bakeshop
Bakery
Overview
Raised: $101,300
Total Commitments ($USD)
Platform
MainVest
Start Date
02/13/2024
Close Date
03/22/2024
Min. Goal
$100,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
1.10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,738
# of Investors
105
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Saltwater Bakeshop is raising funds on MainVest. The food business makes naturally-leavened breads and flaky croissants on a weekly basis and sells at several farmers’ markets in San Francisco, California. Saltwater Bakeshop is known for its unique and thoughtful flavor combinations and fresh ingredients and has a regular menu of pastries, cookies, and breads. The business plans to open a brick-and-mortar location soon and expand its customer base. Brittany Dunn-Holden founded Saltwater Bakeshop in September 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $124,000. The campaign proceeds will be used for the construction of the retail space.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$523,520 |
$328,884 |
|
COGS |
$107,616 |
$122,699 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$2,292 |
$111,599 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$47,292 |
$87,117 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$56,328 |
$105,514 |
|
Short-Term Debt |
$5,912 |
$41,808 |
|
Long-Term Debt |
$38,164 |
$0 |
|
Total Liabilities |
$44,076 |
$41,808 |
Financials as of: 02/13/2024
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.