Three Brothers Bagels
Restaurants
Overview
Raised: $75,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/22/2022
Close Date
11/07/2022
Min. Goal
$45,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/06/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,667
# of Investors
44
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Three Brothers Bagels is raising funds on Honeycomb. It is a family-owned food business in Gibsonia, PA, that makes hand-rolled and naturally-leavened bagels. The bagels of Three Brothers Bagels are delicious and made using high-quality ingredients, including locally-milled flour. The business offers convenient online ordering and accessible pickup locations and caters to events and parties. Colin and Sofia Whiddon founded Three Brothers Bagels in August 2020. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $75,000. The campaign proceeds will be used for purchasing equipment, including a ventilation system, a rack oven, a steam kettle, and a spiral mixer.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$23,816 |
$0 |
|
COGS |
$4,208 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$12,238 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$23,057 |
$0 |
|
Accounts Receivable |
$16 |
$0 |
|
Total Assets |
$23,073 |
$0 |
|
Short-Term Debt |
$604 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$604 |
$0 |
Financials as of: 09/22/2022
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