Ovenly

Ovenly

Beloved for our sweet-salty treats, we are expanding our successful bakery chain

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Categories
Retail, Food & Bev
Min Investment
$250
Location
Brooklyn, NY
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$572.52K
No. Investors
98
Security Price
$2.57
Valuation
$5,833,000
Website
oven.ly
Number of Employees
15
Cash
$214,220
Revenue
$3,247,485
Short Term Debt
$828,489
Cost of Goods
$1,010,734
Long Term Debt
$788,403
Net Income
$-443,151

Key Deal Facts

Rated "best bakery" in NYC many times over (NY Mag, TimeOut, Village Voice)
Massively successful retail with 15-30% EBTIDA per unit and millions in gross revenues
$3.5mm run rate, with plans to $11mm+ in three years and profitably (not guaranteed)
Decade+ of organic marketing, 65k+ social followers, 1000s of press features (NYT, CNN, Food52, etc)
Huge white space for quality, full-service retail in an industry with a $36 billion TAM
Low CapEx per unit with ROI in <12 months (not guaranteed)
15% of round already raised
Women-owned and -led

Management Team / Advisory Board Bios

Agatha Kulaga CEO & Co-FounderI am incredibly proud, not only of building and running an internationally recognized bakery, but also for creating good jobs. 30% of our staff are formerly incarcerated or from at-risk zip codes and we pay full benefits and top-of-the-industry pay., Erin Patinkin Board Member & Co-FounderI'm most proud of the fact that, after several years as CEO, I could step back and continue to see Ovenly grow. To me, this signifies that Agatha and I built not only an award-winning business, but a sustainable one., Jodi Rodriguez Retail & Operations Director15+ years of experience in retail management, sales, and operations. Companies include Urban Outfitters and Alexis Bittar., Emily Turner Finance DirectorExperienced financial manager with expertise in food & beverage and hospitality. Specializing in financial planning and strategy, accounting, and human resources., Kimberly McNally Marketing Director15 years of experience in leading multi-channel Marketing strategy development and implementation. Previous companies include The Food Network, SAVEUR Magazine, and IPG Mediabrands.
Amount Raised : $159,880
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