Tell Me Something Sweet

Tell Me Something Sweet

Closed: Oct. 2022

About this raise

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.

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Investment Overview

Not Funded: $3,350

Deal Terms

Total Commitments

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

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

5.0 years

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Candace Ford
Title
Accountant
Founder Name
Kevin Ford
Title
Owner

Financials

 Revenue +86,292% YoY
$43,196
 Monthly Burn
$3,534
 Runway
1 months
 Gross Margin
19%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/10/2022 Honeycomb - $3,350 Debt Not Funded RegCF
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Add to portfolio
Tell Me Something Sweet on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Tell Me Something Sweet may no longer be accepting investments.

Tell Me Something Sweet Deal Report

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