MinusG

MinusG

Gluten-free and allergy-friendly products

Gluten-free and allergy-friendly products

Overview

Raised to Date: Raised: $25,850

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/14/2020

Close Date

06/26/2020

Min. Goal
$10,000
Max. Goal
$65,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/04/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$615

# of Investors

31

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Chardon, Ohio

Business Type

Life Style

MinusG, an allergy-friendly bakery in Chardon, OH, is raising funds on Honeycomb. The bakery specializes in gluten-free and allergy-friendly products for those who have gluten-intolerance, celiac disease, or food allergies. The products include pizza crust, bread, pancake and waffle, muffin, pie crust, chocolate chip cookies, and chocolate cake. All the ingredients are locally sourced and preservative-free. MinusG was founded by Katherine Krage, a fifth-generation baker, in 2015. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $65,000, will be used to complete the buildout of the commercial manufacturing facility, hire more staff, and make the space compliant. MinusG has a loyal customer base, with consistent 5-star reviews. The products of MinusG are free from 16 allergens and contain nothing artificial.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$72,036

$57,569

COGS

$18,681

$17,765

Tax

$0

$0

 

 

Net Income

$32,992

$-10,919

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,070

$1,532

Accounts Receivable

$-386

$1,298

Total Assets

$18,184

$12,138

Short-Term Debt

$2,646

$6,238

Long-Term Debt

$0

$0

Total Liabilities

$2,646

$6,238

Financials as of: 05/14/2020
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MinusG on Honeycomb
Platform: Honeycomb
Security Type: Debt

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