This company is no longer in business. Investors can get details about any potential exits or failures here.
Mamie's Pies
Early Stage
The frozen little pocket pie with the BIG taste!
Overview
Raised: $498,220
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/01/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$225
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$6,250,010
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,175
# of Investors
836
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Mamie’s Pies, with a $6.25 million pre-money valuation, is raising crowdfunding on StartEngine. The company makes frozen little pocket pies and has reimagined pies to make them available the year-round. The pocket pies of Mamie’s Pies are come in six fruit fillings and are flash-frozen to retain the authenticity of flavors. Mamie’s Pies was founded by Kara Romanik, a single mother of three. The current round of crowdfunding of the company has a minimum target of $10,000 and a maximum goal of $107,000, and the funds will be used to expand the business and include a selection of savory pocket pies. Mamie’s Pies already sells in 800 stores nationwide and reported a 1250% growth in revenues from 2017 to 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$549,924 |
$85,765 |
|
COGS |
$471,947 |
$122,771 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-45,428 |
$-111,163 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,168 |
$11,926 |
|
Accounts Receivable |
$254,647 |
$59,909 |
|
Total Assets |
$327,430 |
$125,152 |
|
Short-Term Debt |
$128,901 |
$6 |
|
Long-Term Debt |
$405,055 |
$104,878 |
|
Total Liabilities |
$533,956 |
$104,884 |
Financials as of: 03/01/2020
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