Le Bread Xpress
Early Stage
Revolutionary Micro-Bakery Which Bakes Fresh Pizza and Pastry in Seconds, 24/7
Overview
Raised: $166,138
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/05/2019
Close Date
04/28/2020
Min. Goal
$75,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$2,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$707
# of Investors
245
Momentum
Funded
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Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Le Bread Xpress, with a valuation cap of $10 million, is raising crowdfunding on WeFunder. The company develops and distributes cutting edge technology to be used in micro-bakeries. The machine of Le Bread Xpress, Bakery in a box’, can bake fresh pizza and pastry in seconds and deliver it anytime on-demand. Benoit Herve founded Le Bread Xpress in 2015 and has raised more than $600,000 since its inception. The current round of crowdfunding has a minimum target of $75,000 and a maximum target of $1,070,000, and the proceeds will be used for new model development, IP development and IP filing, and new hires. Le Bread Xpress has already started generating revenues with ten machines on order and contractual option to sell 65 more machines in the next six months.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,953 |
$23,267 |
|
COGS |
$7,078 |
$19,440 |
|
Tax |
$2,504 |
$2,195 |
| ||
| ||
|
Net Income |
$-169,303 |
$-177,856 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,685 |
$13,850 |
|
Accounts Receivable |
$0 |
$2,869 |
|
Total Assets |
$153,434 |
$161,263 |
|
Short-Term Debt |
$24,450 |
$9,623 |
|
Long-Term Debt |
$686,296 |
$539,649 |
|
Total Liabilities |
$710,746 |
$549,272 |
Financials as of: 09/05/2019
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