Annie May's Sweet Cafe

Annie May's Sweet Cafe

The #2 Ranked Allergy-Free Bakery

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Security Type
Convertible Note
Categories
Other
Min Investment
$7
Offering Date
November 05, 2019
Expected Close Date
February 03, 2020
Target Raise
$200.00K-$1.00M
Deal Notes

$1.00 per share

7% interest

$50K+ pro rata right threshold

Company Description

Allergy-free bakery where everything is free of the top 8 food allergens.

Perks

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

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.

Use of Proceeds

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

Management Team / Advisory Board Bios

Robert May
Owner
Sold software company for over $100M

Deal Notes

$1.00 per share

7% interest

$50K+ pro rata right threshold

Amount Raised : $17,905
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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