Sweets by MJB
Bakery
Overview
Raised: $550
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/11/2023
Close Date
11/27/2023
Min. Goal
$25,000
Max. Goal
$55,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/28/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$12
# of Investors
4
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Sweets by MJB is raising funds on Honeycomb. It is a cupcake business located in Atlanta, Georgia. Sweets by MJB makes customized cupcakes where the customers can select the cake, frosting, and toppings and experience the unique taste and service. The business has been profitable year-to-date and is expected to double its year-over-year revenue in 2023. Mariah Benoit founded Sweets by MJB in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $55,000. The campaign proceeds will be used for staffing and hiring, marketing, purchasing a food truck, and opening an outdoor garden space.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$43,459 |
$29,104 |
|
COGS |
$0 |
$1,500 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,020 |
$27,136 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$3,500 |
$2,600 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$18,750 |
$8,000 |
|
Short-Term Debt |
$5,650 |
$500 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,650 |
$500 |
Financials as of: 10/11/2023
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