The Black Bread Company
Early Stage
A Black-Owned Gourmet Sliced Bread Company
Overview
Raised: $1,067,267
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/18/2022
Close Date
09/16/2022
Min. Goal
$9,997
Max. Goal
$1,069,877
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.78
Pre-Money Valuation
$25,020,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,115
# of Investors
1,817
Momentum
Funded
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Year Founded
2020
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: 04/18/2022
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