The Black Bread Company
Early Stage
A Black-Owned Gourmet Sliced Bread Company
Analytics
Raised: $666,944
Aggregate Commitments $
Platform
StartEngine
Start Date
04/19/2022
Close Date
07/18/2022
Min. Goal
$9,997
Max. Goal
$1,069,877
Min. Investment
$250
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$2.78
Pre-Money Valuation
$25,020,000
Rolling Commitments $
Status
Active
Reporting Date
05/26/2022
Days Remaining
53
% of Min. Goal
6,672%
% of Max. Goal
62%
Likelihood of Max
Avg. Daily Raise
$18,026
Momentum
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Location
Chicago, Illinois
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
The Black Bread Company, with a valuation of $25 million, is raising funds on StartEngine. The business manufactures and sells gourmet sliced bread and bread products. The products of The Black Bread Company are full of flavor, fresh, free of additives, and are sold nationwide. The business has 45,000 social media followers and generated $263,000 in sales within the last year. Mark Edmond, Jamel Lewis, and Charles Alexander founded The Black Bread Company in July 2020. The current crowdfunding campaign has a minimum target of $9,996.88 and a maximum target of $1,069,877.44. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$261,139 |
$0 |
|
COGS |
$73,991 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-15,167 |
$-3,592 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,229 |
$768 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$28,702 |
$11,687 |
|
Short-Term Debt |
$5,000 |
$0 |
|
Long-Term Debt |
$5,000 |
$0 |
|
Total Liabilities |
$10,000 |
$0 |
Financials as of: 04/19/2022
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