Sweet Cake Bake Shop

Sweet Cake Bake Shop

Bakery

Bakery

Overview

Raised to Date: Raised: $5,450

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/10/2024

Close Date

04/21/2024

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

5

% of Min. Goal

11%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$151

# of Investors

4

Momentum
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Year Founded

2009

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Bountiful, Utah

Business Type

Life Style

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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Sweet Cake Bake Shop on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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