Mamie's Pies

Neutral
BETA

The frozen little pocket pie with the BIG taste!

Analytics

Raised to Date: $450,510

Aggregate Commitments $
Platform

StartEngine

Start Date

03/02/2020

Close Date

12/28/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$225

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$6,250,010

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

24

% of Min. Goal

4,505%

% of Max. Goal

42%

Likelihood of Max
Avg. Daily Raise

$1,638

# of Investors

759

Momentum
Location
Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

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

$0

Total Liabilities

$533,956

$104,884

Ratings

last updated 12/03/2020

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