The Cake Cabin

The Cake Cabin

TJ is buying equipment for his bakery!

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Berlin Center, OH
Offering Date
October 01, 2020
Expected Close Date
December 01, 2020
Target Raise
$15.00K-$30.00K
Deal Notes

 Interest Rate:  10.75%

 Payments:  Monthly, disbursed to investors quarterly

 Maturity:  60 months 

 Personal Guaranty:  TJ Henry

 Security Interest:  Blanket lien on assets of company

Company Description

The Cake Cabin specializes in unique custom cake orders for every occasion, from top-of-the-line wedding cakes to a mouthwatering variety of gourmet cupcakes and cookies. We specialize in custom ability and gourmet taste – that holds true in all our products, especially in our icing (which is as good as it gets!); we leave no areas in taste unattended. 

We will be a must-stop location for every local heading through town, with easy access right on Mahoning Avenue. The bakery will build a strong market position in the area due to its owner’s unmatched decorating skills and flavors. Not only are these cakes beautiful works of art but the flavor is what really counts; The Cake Cabin’s best-tasting cakes and cupcakes speak for themselves. 

We are raising up to $30,000 at a 10.75% interest rate, paid over a 60 month term.

Use of Proceeds

  • Two industrial mixers: $4,000These are essential to producing more product at a much larger scale.
  • Large refrigerated glass display case: $2,000This is to show the freshly baked cupcakes to walk-in customers.
  • Renovations: $10,000We will be refurnishing and staining the wood floors, redoing the walls and decorations, and giving the outside a facelift. This will allow our customers to feel the full Cake Cabin experience!
  • Sign: $2,000A sign is critical to building our brand and attracting customers walking or driving by.
  • All other funds raised will be used for working capital. Once the funds are raised, we will be able to run the bakery at full capacity.

Management Team / Advisory Board Bios

Todd James Henry II

Todd has been baking by his mother’s side ever since he could remember. His path to building his own bakery was certainly a natural progression. He learned at a very early age how to bake and whip icing. He has developed a very unique set of skills over the years, perfecting old family recipes made from scratch. From cookies to cake to cupcakes, Todd has established a list of gourmet tasting products that can't be found or produced in a grocery store. In the last two years, Todd has broadened his skills and has been decorating small- to large-scale custom cakes of all shapes and sizes, practicing the art of decorating and designing beautiful works of cake art, advancing his natural talents and skills.

Leading up to the creation of The Cake Cabin, Todd has taken several decorating classes to advance his natural skills. These courses include buttercream icing; handmade flowers and piping techniques; cake design – including color and flower selection, floral arrangement and royal icing techniques; fondant and gum paste – including sculpting techniques, covering cakes, cutting and shaping and hand sculpted fondant/gum paste flowers; and assembling, supporting, and transporting tiered cakes. These helped advance Todd's natural artistic skills and abilities.

Todd has decorated and designed numerous custom cakes of all kinds and for all occasions from birthdays, weddings, retirement parties, graduations and much more––all uniquely ordered to each individual customer's theme. There is no limit to what can be turned into or onto a cake. Todd's custom ability and unique cake art really sets him apart and provides a big advantage and appeal to the business. He has done cakes from T-Rex heads to Sesame Street. From 10 servings to 200 servings, Todd has constructed numerous sizes, themes, styles of cakes, cupcakes and cookies for all kinds of events. He has gained much experience, technique and knowledge leading up to the creation of The Cake Cabin LLC. Todd brings a set of unique elements and diverse product range enabling the business to provide higher quality, higher profit margin bearing creations.

Deal Notes

 Interest Rate:  10.75%

 Payments:  Monthly, disbursed to investors quarterly

 Maturity:  60 months 

 Personal Guaranty:  TJ Henry

 Security Interest:  Blanket lien on assets of company

Amount Raised : $0
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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

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