Simple Bread

Simple Bread

Wholesale Bakery specializing in artisanal breads

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.

Security Type
Secured Loan
Industry
Food & Bev
Location
Tucker, GA
Offering Date
August 16, 2021
Security Price
$1

Use of Proceeds

  • $150,000: Equipment and Facility Buildout
  • $17,000: Refinancing existing debt
  • $33,000 - $83,000 : Working Capital

Management

Gabriel Peterson, Owner

Geoff Greenfader, Business and Strategy

Sherlin Cervantes, Procurement and Packaging Manager

Matt Myers, Customer Relationship Manager

Carolina Mejia, Production Manager

Research Reports

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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.

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.

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