Overview
Raised: $14,300
Total Commitments ($USD)
Platform
MainVest
Start Date
05/04/2021
Close Date
06/25/2021
Min. Goal
$10,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$280
# of Investors
44
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Hot Oven Cookies, a bakery in Springfield, MA, is raising crowdfunding on MainVest. The business makes high-quality and homemade cookies in over 500 flavors on a rotational menu. The bakery also offers take and bake cookie dough, cookie sundae, cookie sammies, drinks, merchandise, and catering services. Sheila Coon founded Hot Oven Cookies in April 2019. The current round of crowdfunding has a minimum goal of $15,000 and a maximum goal of $30,000, and the funds will be used to buy additional ovens and maintenance. Hot Oven Cookies has proven demand for its cookies and has a flourishing business model. The business now operates one cookie cart and two storefronts in Springfield.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$105,164 |
$0 |
|
COGS |
$35,199 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$40,121 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,737 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/04/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Hot Oven Cookies | 06/24/2021 | MainVest | - | $14,300 | Revenue Share | Funded | RegCF |
| Hot Oven Cookies | 05/19/2020 | MainVest | - | $14,200 | Revenue Share | Funded | RegCF |
| Hot Oven Cookies | 02/26/2020 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |
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