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Security Type
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Debt
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Categories
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Food & Bev
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Expected Close Date
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March 23, 2023
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Target Raise
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$25.00K-$30.00K
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No. Investors
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13
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $118,525
- Revenue
- $54,077
- Short Term Debt
- $27,191
- Cost of Goods
- $0
- Long Term Debt
- $86,000
- Net Income
- $-86,667
Company Description
Loba Pastry + Coffee is a small batch, artisanal grade neighborhood bakery. We serve an ever-changing and untraditional variety of breads, pastries, and drinks. We pride ourselves on using carefully sourced ingredients of ethical, local, and organic origin as often as possible in order to cater to most dietary restrictions. On any given day at Loba Pastry + Coffee, you'll find lots of vegan and gluten-free options. We strive to provide a kind and welcoming experience to everyone.
Key Deal Facts
Owner Valeria Taylor was featured as a Best American Dream Bakers in Bake from Scratch Magazine in 2022!, Loba Pastry + Coffee has routinely been featured in many “Best of Chicago” lists including ones in Chicago Magazine, TimeOut Chicago, and Bon Apetite Magazine!
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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
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.