Industry:
General

Security Type:
Convertible
A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level).

Debt and Equity Opportunity

Date Filed:
November 05, 2019

Date Expires:
February 03, 2020

Open to Investors

Valuation Cap:
$9M

Platform:
Wefunder

Use of Proceeds

Wholesale/E-Commerce Business, Open the Second Bakery, Wefunder Intermediary Fee

Management

Robert May
Owner
Sold software company for over $100M

Deal Structure

$1.00 per share

7% interest

$50K+ pro rata right threshold

Deal Perks

• $500+ for coffee mug
• $1,000+ tshirt
• $10,000+ $100 in free baked goods

Additional Reports

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Key Deal Facts

• Original cafe (which is a separate entity) in Louisville, KY is growing 30% year over year with $0 marketing.
• Newton location is profitable in its first month.
• Annie May’s New England LLC owns the rights to operate in 7 states, including New York.
• Annie May’s New England LLC owns 50% of the global online business of all Annie May’s (other 50% is owned by original bakery).
• Investors in this raise are investing in Annie May's New England LLC, not the original Louisville location.
• First franchise just opened in Newton, MA and did $5400 in sales the first full day, and is cash flow breakeven month one.

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