The Cereal Lab

The Cereal Lab

Cereal Bar and Creamery

Cereal Bar and Creamery

Overview

Raised this Round: Raised: $51,300

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/13/2023

Close Date

07/31/2023

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

DECATUR, Georgia

The Cereal Lab is raising funds on Honeycomb. It is a cereal bar and creamery in Decatur, Georgia, that combines the nostalgia of cereal with the indulgence of creamery. The offerings of The Cereal Lab include customized cereal bowls and cereal-infused ice creams. The eatery offers a variety of cereals, toppings, and milk choices and enables customers to create their own cereal bowls based on their tastes and dietary needs. Cynthia Hernandez founded The Cereal Lab in February 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to purchase a food truck and new equipment, and open a second location.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$42,811

$32,579

COGS

$12,789

$12,219

Tax

$0

$0

 

 

Net Income

$1,654

$-6,036

Summary Balance Sheet

FY 2022 FY 2021

Cash

$8,482

$715

Accounts Receivable

$0

$0

Total Assets

$39,797

$28,576

Short-Term Debt

$13,612

$192

Long-Term Debt

$23,900

$23,900

Total Liabilities

$37,512

$24,092

Financials as of: 06/13/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
The Cereal Lab on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

Follow company

Follow The Cereal Lab on Honeycomb 2023

Buy The Cereal Lab's Deal Report

Warning: according to the close date for this deal, The Cereal Lab may no longer be accepting investments.

The Cereal Lab Deal Report

Get KingsCrowd’s comprehensive report on The Cereal Lab including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether The Cereal Lab is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the The Cereal Lab deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge