Sinful Sweets

Sinful Sweets

[Closed for Investment] Sinful Sweets is raising funds on Honeycomb. The business makes delightful confections by hand with unique flavor combinations. Sinful Sweets is based in Beaver, Pennsylvania, and has a distinct family feel to its products, which customers treasure as much as the owners do. The business has a loyal customer base and has received several awards for its products. Christopher Weck founded Sinful Sweets in June 2011. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used to build out a kiosk and set up the POS system.

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Investment Overview

Raised this Round: Raised: $7,700

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
09/16/2024
Close Date
10/28/2024
Min. Goal
$40,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

Term Length

3.0 years

Company & Team

Company

Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Beaver Falls, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Christopher Weck
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue -1.6% YoY
$332,056
 Monthly Burn
Profitable
 Cash on Hand
$173,809
Gross Margin
66%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$332,056

$337,452

COGS

$111,442

$296,885

Tax

$0

$0

 

 

Net Income

$17,755

$-3,180

Summary Balance Sheet

FY 2023 FY 2022

Cash

$173,809

$76,053

Accounts Receivable

$5,320

$5,320

Total Assets

$179,129

$181,373

Short-Term Debt

$0

$0

Long-Term Debt

$123,000

$130,000

Total Liabilities

$123,000

$130,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/28/2024 Honeycomb - $7,700 Debt Not Funded RegCF
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Sinful Sweets on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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