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Simple Kneads

Artisanal GF Bread, Whole Ingredients, Clean Label, No GMOs, No Eggs/Dairy

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Security Type
Crowd SAFE
Categories
Food & Bev
Min Investment
$150
Location
GRAHAM, NC
Offering Date
September 18, 2023
Expected Close Date
February 14, 2024
Target Raise
$50.00K-$1.24M
No. Investors
249
Security Price
$1
Number of Employees
29
Cash
$64,949
Revenue
$3,592,601
Short Term Debt
$1,204,238
Cost of Goods
$2,142,370
Long Term Debt
$17,413
Net Income
$-367,353

Key Deal Facts

Most nutritious, plant-based, gluten-free, true artisan sourdough bread Capturing Gluten-Free, Free-From and Health & Wellness Food markets Gluten-Free ($6.3B), Free-From ($80B) and H&W Food market ($124B) “Free-from” top 9 allergens, and no starches, fillers, or gums QoQ growth exceeding 22% / Est 5.5M+ in sales in 2023 Passionate Leadership with proven track record of successful ventures

Perks

Reserve $150 Receive 10% off online order coupon for 1 order 1 x In store coupon for 1 free loaf of bread Limited (600 left of 600) Reserve $300 Receive 10% off online order coupon for 3 orders 2 x In store coupons for 1 free loaf of bread Limited (400 left of 400) Reserve $500 Receive 15% off online order coupon for 3 orders 3 x In store coupons for 1 free loaf of bread Limited (300 left of 300) Reserve $1,000 Receive 15% off online order coupon for unlimited orders for 6 months 3 x In store coupons for 1 free loaf of bread Limited (200 left of 200) Reserve $2,500 Receive 20% off online order coupon for unlimited orders for 6 months 4 x In store coupons for 1 free loaf of bread Simple Kneads branded ball cap Limited (200 left of 200) Reserve $5,000 Receive 20% off online order coupon for unlimited orders for 1 year 8 x In store coupons for 1 free loaf of bread Simple Kneads Branded Ball Cap Zoom Investor Call with CEO Reserve $10,000 Receive 25% off online order coupon for unlimited orders for 1 year 8 x In-store coupon for 1 free loaf Simple Kneads Branded Ball Cap Simple Kneads T Shirt “Live Healthy, Live Happy” Zoom Investor Call with CEO Reserve $25,000 Receive 30% off online order coupon for unlimited orders for 1 year 12 x In-store coupons for 1 free loaf of bread Simple Kneads Branded Ball Cap Simple Kneads T Shirt “Live Healthy, Live Happy” Zoom Investor Call with CEO Reserve $50,000 Receive 50% off online order coupon for unlimited orders for 1 year 16 x In-store coupons for 1 free loaf of bread Simple Kneads Branded Ball Cap Simple Kneads T Shirt “Live Healthy, Live Happy” Zoom Investor Call with CEO One on one follow up call with CEO In person tour of the Simple Kneads Bakery Reserve $100,000 Receive 100% off online order coupon for unlimited orders for 1 year 16 x In-store coupons for 1 free loaf of bread Simple Kneads Branded Ball Cap Simple Kneads T Shirt “Live Healthy, Live Happy” Zoom Investor Call with CEO One on one follow up call with CEO In person tour of the Simple Kneads Bakery

Management Team / Advisory Board Bios

Tristaun LeClaire Founder / CEO / Chairman Natural Foods Expert / Mad Scientist Devaunt LeClaire Co-Founder / Board Member Former USMC AV-8b Harrier Pilot / Repeat entrepreneur / Vice President, Plexus Capital, LLC / MBA, Duke University Nikolaus Zant Board Member R&D department manager at ABB / Expert in Social Media Marketing / PhD in Engineering / MBA, Duke University Alexander Ruckdaeschel Board Member Currently serves on the board of several publicly traded companies / 19 years’ experience in Finance Industry / Broad experience in governance of mid-sized companies Cody Forness Board Member 15 years of finance and accounting experience, 8 years board experience, Chief Financial Officer, National Power Certified Public Accountant MBA, Duke University Former Big 4 Audit Manager Jeff Katz Chief Sales Officer Decades of Executive Sales Experience / Duracell / Proctor & Gamble / Gillette / Breyers Yogurt / SO Delicious / Vans Waffles / Canyon Bakehouse Isaac Workman Chief Operations Officer Suzuki Violin School Director -University of Alaska, Founded Workman Construction Melanie Conover Financial Controller B.A. Accounting with minor in Computer Management Information Systems, 30 Years experience as Financial Analyst, GE and Lord Corporation Sandy Workman Director of Brand Development BA Fine Arts, University of Montemorelos, Writer / Blogger / Artist Theresa Gantt Director of Quality Control & Sales and Distribution Manager Program Manager and Customer Relations at Jabil Inc. Crystal Read Production Controller Systems and line manager at Jabil Inc Michael Glazebrook Plant Manager Young man with a will to succeed and the grit to get it done Team builder Gabriel Gutierrez Inventory and QC Coordinator Simple Kneads veteran Formerly known as “King Slice” Georgia Kurtz Influencer Marketing Campaign Manager Social Media Manager Liberty University Class of ’22 Heather Musgrave Director of Customer Service AA Sociology/Social Work Lake Michigan College

Amount Raised : $173,756
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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