Simple Bread Company
High-quality fresh baked breads
Overview
Raised: $0
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/29/2021
Close Date
09/28/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/27/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Simple Bread Company is raising funds on Honeycomb. It is a fresh bread wholesale bakery that bakes and sells high-quality freshly baked bread to local restaurants and markets. The bread of Simple Bread Company is made using 100% organic flour and has notable clients in Atlanta, Georgia. The business will soon move into a new space five times larger than the current facility and increase its production capacity. Gabriel Peterson founded Simple Bread Company in November 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for new facility buildout, equipment, refinancing existing debt, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$110,003 |
$18,839 |
|
COGS |
$89,503 |
$19,546 |
|
Tax |
$1,784 |
$200 |
| ||
| ||
|
Net Income |
$-28,859 |
$-21,462 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,370 |
$1,429 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,370 |
$1,429 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/29/2021
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