Tell Me Something Sweet

Tell Me Something Sweet

Bakery

Bakery

Overview

Raised this Round: Raised: $3,350

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/21/2022

Close Date

10/10/2022

Min. Goal
$30,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

5.0 years

Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

McKinney, Texas

Business Type

Life Style

Tell Me Something Sweet is raising funds on Honeycomb. The bakery sells freshly prepared bakery products, including cakes, pastries, quiches, and pies. The products of Tell Me Something Sweet are made using natural and wholesome ingredients and sold through its e-commerce site, wholesale orders, and corporate catering events. The customer base of Tell Me Something Sweet includes comfort creatures, soccer moms, celebrators, and cookie monsters. Kevin Ford founded Tell Me Something Sweet in December 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $80,000. The campaign proceeds will be used for purchasing kitchen equipment for the business’ first brick-and-mortar location.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$43,196

$50

COGS

$35,187

$676

Tax

$0

$0

 

 

Net Income

$-42,407

$-994

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,663

$57,522

Accounts Receivable

$0

$0

Total Assets

$12,391

$61,837

Short-Term Debt

$16,887

$0

Long-Term Debt

$1,684

$55,456

Total Liabilities

$18,571

$55,456

Financials as of: 08/21/2022
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Tell Me Something Sweet on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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