'laine's Bake Shop

'laine's Bake Shop

An artisan baking manufacturing company with a social mission.

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Security Type
Revenue Sharing
Categories
Food & Bev
Location
Chicago, IL
Offering Date
June 29, 2018
Expected Close Date
September 27, 2018
Target Raise
$107.00K
Deal Notes
  • Revenue Share
  • 4% of revenues
  • 1.5X investment amount
  • 'Laine's Bake Shop will pay investors 4% of revenues each quarter until 100% of your principal is returned plus 50% on top.

Company Description

Seventy percent of our business is wholesale to companies like Whole Foods and Starbucks. To meet existing surplus demand and take advantage of larger opportunities, we're moving into a production space that's three times larger, with an estimated maximum output of $4M. Our mission is to bring people together through authentic, good food as a way to revitalize urban communities, starting with the south side of Chicago. We specialize in scratch made, all-natural baked goods with unique flavors.

Perks

$250+ Website thank you!
$500+ 'Laine's Bake Shop "Founding Investor" mug for use anytime you stop by our future retail locations, entitles user to 10% discount.
$1,000+ 'Laine's Bake Shop "Founding Investor" magnet.
$2,500+ 'Laine's Bake Shop "Catalyst for Change" T-shirt
$5,000+ Coffee Club membership
$10,000+ Signature Chicago themed decorated gourmet cookie set, shipped anywhere in the continental US.
$25,000+ Founders plaque in our retail location and social media shoutout.
$50,000+ VIP facility tour and pre-launch party for you and 25 of your friends.

Key Deal Facts

Carried in all 54 Whole Foods in the Midwest Region, stores can select from 6 SKUs
Carried in 10 local Starbucks. 
Retail bakery cafe location in Chicago's Pullman neighborhood to open September 2018. Monthly on site  pop up events leading up to grand opening. 
Lease secured for new production facility in Chicago's Woodlawn neighborhood, opens fall 2018
Alumni of the Good Food Business Accelerator at 1871 Tech Incubator in Chicago
Accepted into the Fall 2018 Cohort of the Inner City Capital Connections program. 

Use of Proceeds

If we raise: $50,000

  • Use of Proceeds: 95% -- buildout of our Woodlawn production facility, 5% -- Wefunder intermediary fee

If we raise: $107,000

  • Use of Proceeds: 80% -- complete the buildout and equipment purchases for our Woodlawn production facility, 10% -- remaining expenses to open our retail location, 5% -- accounting expenses related to the raise, 5% -- Wefunder intermediary fee

Management Team / Advisory Board Bios

Rachel E. Bernier-Green
Owner
7 years Big 4 accounting experience. M.S, in Taxation, B.A.s in Finance & Accounting.

Jaryd Bernier-Green
Co-Founder, Senior Business Development Manager
Experienced business operations manager. History in sales, training facilitation, & market research.

Deal Notes

  • Revenue Share
  • 4% of revenues
  • 1.5X investment amount
  • 'Laine's Bake Shop will pay investors 4% of revenues each quarter until 100% of your principal is returned plus 50% on top.
Amount Raised : $67,358
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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