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Categories
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Retail, Food & Bev
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Min Investment
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$250
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$572.52K
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No. Investors
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98
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Security Price
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$2.57
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Valuation
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$5,833,000
- 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.