True Blue Bakery

True Blue Bakery

Bakery

Bakery

Overview

Raised to Date: Raised: $88,280

Total Commitments ($USD)

Platform

SMBX

Start Date

03/29/2023

Close Date

04/25/2023

Min. Goal
$20,000
Max. Goal
$40,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

2.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,395

Momentum
Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

ROYERSFORD, Pennsylvania

Business Type

Life Style

True Blue Bakery is raising funds on SMBX. The bakery is based in Royersford, Pennsylvania, and makes the most authentic Australian pies and pastries. The bakery uses natural and traditional ingredients, including real flour, butter, and sugar, to make honest food offerings with unforgettable flavors. True Blue Bakery also does catering for occasions such as graduations, baby or bridal showers, birthdays, weddings, and anniversaries either in regular or mini sizes. Fiona McPhee and Roy Cooper founded True Blue Bakery in February 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $40,000. The campaign proceeds will be used for opening the second brick-and-mortar location.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$291,052

$107,103

COGS

$83,912

$68,082

Tax

$0

$0

 

 

Net Income

$-5,198

$-29,973

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,004

$171

Accounts Receivable

$0

$0

Total Assets

$80,347

$71,078

Short-Term Debt

$4,390

$788

Long-Term Debt

$112,429

$67,410

Total Liabilities

$116,819

$68,198

Financials as of: 03/29/2023
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True Blue Bakery on SMBX 2023
Platform: SMBX
Security Type: Debt

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