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Categories
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Food & Bev
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Expected Close Date
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January 17, 2023
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Target Raise
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$25.00K-$124.00K
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No. Investors
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13
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Security Price
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$1
- Number of Employees
- 8
- Cash
- $41,558
- Revenue
- $101,775
- Short Term Debt
- $0
- Cost of Goods
- $15,555
- Long Term Debt
- $0
- Net Income
- $5,513
Company Description
These days, most people are concerned with their diets. At some point we all take breaks from those diets. A “Hiatus” cheesecake represents a temporary break from your diet. Our portion sizes are small so that you don’t over indulge, but you still get to experience the amazing rich and decadent taste of our cheesecake.
Key Deal Facts
Hiatus Cheesecake is a thriving black owned business based in Baltimore, Maryland that specializes in crafting some of the highest quality gourmet cheesecakes in the market from scratch., Experienced incredible post-COVID growth as sales have increased by more than 50% since the beginning of 2021., Expanded business operations to Philadelphia in May 2022 via Cloud Retail., Made our nationwide debut on QVC/HSN in June 2022., Gross revenues are projected to increase by more than 2000% by the end of 2023 as a result of our brand new national partnership with Kroger., Serving our community plays a pivotal role in our day-to-day business operations., Coordinated Forks to Funds Fundraising Drive to raise money for local parent teacher organizations., We take pride in creating family-wage sustaining jobs and training programs for local Baltimore City residents with an emphasis on hiring minorities in underserved communities., Currently working to develop a culinary apprenticeship program to support work study programs from local high schools, colleges, and trade schools.