Steiner’s Coffee Cake of New York
Early Stage
Easy to Eat, Fun to Share
Overview
Raised: $86,703
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/08/2022
Close Date
09/28/2022
Min. Goal
$10,000
Max. Goal
$1,068,999
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$4,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$425
# of Investors
52
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Steiner’s Coffee Cake of New York, with a valuation of $4 million, is raising funds on StartEngine. The business makes delicious, gluten-free, and ready-to-eat sweet baked goods. Steiner’s Coffee Cake of New York is focused on high-quality products, sustainability for the planet, and relationships with customers. The production capacity of the business has grown from 500 coffee cakes per week in 2018 to 14,000 coffee cakes per day in 2021. Nancy Steiner founded Steiner’s Coffee Cake of New York in October 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,068,999. The campaign proceeds will be used for launching the next SKU, chocolate fudge brownies.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$96,042 |
$55,084 |
|
COGS |
$57,513 |
$36,634 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-66,327 |
$-47,965 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$775 |
$79 |
|
Accounts Receivable |
$7,202 |
$3,694 |
|
Total Assets |
$74,958 |
$15,901 |
|
Short-Term Debt |
$66,381 |
$42,031 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$166,381 |
$42,031 |
Financials as of: 03/08/2022
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