Winston Pies
Growth Stage
Hottest dessert brand in L.A. featuring hand-made classic and innovative pie recipes
Overview
$92,001 - RegCF
$232,001 - Total
$232,001 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/15/2023
Close Date
04/15/2024
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$500
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Early Bird Val. Cap
$14,000,000
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$609
# of Investors
54
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Winston Pies, with a valuation of $15 million, is raising funds on Wefunder. The food business makes handmade classic and innovative pies using its unique recipes. Winston Pies is a premiere pie shop in Los Angeles and is known for its quality, flavors, and experience. The business has valuable intellectual property and has generated more than $5 million in revenue since its inception, with $2.2 million in revenue in 2022. Brianna Abrams founded Winston Pies in July 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for building out a new retail location, operating expenses, hiring, upgrading equipment, and new market expansion.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,805,490 |
$1,947,216 |
|
COGS |
$963,386 |
$924,347 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-379,692 |
$206,950 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$719,728 |
$289,459 |
|
Accounts Receivable |
$56,767 |
$10,185 |
|
Total Assets |
$2,955,591 |
$2,859,493 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$3,282 |
|
Total Liabilities |
$0 |
$3,282 |
Financials as of: 11/15/2023
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