Tipsy Cupcakes
Tipsy Cupcakes is seeking investment to expand our new location, hire new employees, implement a new marketing strategy, and grow our business.
Overview
Raised: $16,400
Total Commitments ($USD)
Platform
MainVest
Start Date
05/05/2022
Close Date
07/08/2022
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$260
# of Investors
69
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Tipsy Cupcakes is raising funds on MainVest. It is a bakery located in Richmond, VA, and specializes in alcoholic and virgin cupcakes. The business is unique with its alcoholic cupcakes concept and combines what people love the most- alcohol and something sweet. Tipsy Cupcakes hosts a variety of events and features a cafe-style environment. The business also sells merchandise to create brand awareness, including mugs, business cards, flasks, and shot glasses. Shavondi Cousins and Charmesha Cousins founded Tipsy Cupcakes in June 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $50,000. The campaign proceeds will be used to renovate the location.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$70,141 |
$54,380 |
|
COGS |
$19,901 |
$14,441 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$2,022 |
$-1,548 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/05/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Tipsy Cupcakes | 07/07/2022 | MainVest | - | $16,400 | Revenue Share | Funded | RegCF |
| Tipsy Cupcakes | 03/04/2020 | MainVest | - | $14,300 | Revenue Share | Not Funded | RegCF |
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