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Security Type
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Secured Loan
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Categories
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Food & Bev
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Offering Date
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August 16, 2021
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Target Raise
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$50.00K-$250.00K
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Security Price
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$1
Company Description
Simple Bread Company (SBC) is a fresh bread wholesale bakery. SBC focuses on providing fresh-baked bread to local restaurants and markets made from 100% organic flour. Clients choose to work with us because we are the only B2B wholesale bakery offering fresh-baked bread made entirely from organic flour. Since our inception in later 2018, we have grown to supply bread for notable clients in Atlanta, Georgia.
Key Deal Facts
Since mid-2020 Atlanta has experienced a significant shortage of high-quality fresh baked breads for restaurants and grocery stores.
This shortage occurred through the acquisitions of premier bread bakery H&F Bread by Engleman’s Bread Co.
SBC will hit max facility production capabilities by the end of 2021.
With improved equipment and a larger facility, SBC can produce products to meet sales estimated between $13,500 – $15,000/week.
Use of Proceeds
- $150,000: Equipment and Facility Buildout
- $17,000: Refinancing existing debt
- $33,000 - $83,000 : Working Capital
Management Team / Advisory Board Bios
Gabriel Peterson, Owner
Geoff Greenfader, Business and Strategy
Sherlin Cervantes, Procurement and Packaging Manager
Matt Myers, Customer Relationship Manager
Carolina Mejia, Production Manager
Reveal the Score by Voting
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
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.
