The Baconer

The Baconer

Early Stage

Taking Bacon Beyond The Strip

Taking Bacon Beyond The Strip

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/11/2022

Close Date

07/23/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$10,000,000

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Emeryville, California

Business Type

Life Style

The Baconer, with a valuation of $10 million, is raising funds on StartEngine. It is an award-winning specialty food brand with a portfolio of premium product lines. The company makes the thickest cuts of bacon with chef-driven flavors, exceptional quality, and responsibly-raised pork. The innovative bacon cuts of The Baconer include XXL Bacon Steaks, Ground Bacon, Smoked Lardons, Smoked Sausages, Bacon Slabs, and Bacon Strips. The Baconer has expanded its wholesale into twelve additional states in the past six months and increased sales by 300% in the past 24 months. Camilo Velasquez and Elisa Lewis founded The Baconer in April 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to expand into national grocery distribution, broaden the DTC business, further innovate the products, and expand the virtual team.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$634,175

$402,691

COGS

$444,605

$324,743

Tax

$0

$0

 

 

Net Income

$-39,001

$-69,544

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$92,082

$78,716

Accounts Receivable

$17,255

$0

Total Assets

$188,288

$123,783

Short-Term Debt

$171,843

$51,451

Long-Term Debt

$271,017

$154,009

Total Liabilities

$442,860

$205,460

Financials as of: 05/11/2022
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The Baconer on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $2.00

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