Tell Me Something Sweet
Bakery
Overview
Raised: $3,350
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/22/2022
Close Date
10/10/2022
Min. Goal
$30,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/11/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$68
# of Investors
8
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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: 08/22/2022
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