The Bearded Baking Company
Bakery
Overview
Raised: $53,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/04/2022
Close Date
06/20/2022
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,152
# of Investors
45
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
The Bearded Baking Company is raising funds on Honeycomb. The bakery makes baked goods using family and community recipes from North Carolina. The offerings include thick-mounded cookies in bold flavors, layer cakes, and pies made using high-quality ingredients. The business currently operates from home and plans to move to a storefront soon. Wes Dills founded The Bearded Baking Company in January 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for storefront space, delivery vehicle, electric rack oven, freezer, and smallwares.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$259,608 |
$0 |
|
COGS |
$138,767 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$22,962 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,356 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,834 |
$0 |
|
Short-Term Debt |
$11,906 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$11,906 |
$0 |
Financials as of: 05/04/2022
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