Sweet Cake Bake Shop
Bakery
Overview
Raised: $11,900
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/10/2024
Close Date
04/22/2024
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/22/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$283
# of Investors
8
Momentum
Not Funded
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Year Founded
2009
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Sweet Cake Bake Shop is raising funds on Honeycomb. It is a gluten-free bakery in Bountiful, Utah that specializes in bread, pies, cakes, cookies, bars, and sweet rolls made from scratch. Sweet Cake Bake Shop also serves a variety of vegan options and ensures that people with dietary restrictions also get to enjoy cakes, pastries, and other sweet treats. The business has a loyal customer base and won second place in US News Best Gluten-Free Bakery in America in 2011. Allison Regan founded Sweet Cake Bake Shop in December 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for raw materials for celiac-approved gluten-free flour production, bags, labels, and boxes for dry mixes, and the cost of production and distribution of flour blends.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$559,504 |
$566,823 |
|
COGS |
$149,972 |
$157,155 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$12,240 |
$1,171 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$2,257 |
$1,474 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,257 |
$1,474 |
|
Short-Term Debt |
$75,627 |
$87,078 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$75,627 |
$87,078 |
Financials as of: 03/10/2024
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