Data / Crowdfunding / California / Saltwater Bakeshop LLC
Saltwater Bakeshop LLC: crowdfunding raise on MainVest, Inc., $100,000 to $124,000 (2024)
Saltwater Bakeshop LLC, a limited liability company in San Francisco, CA, filed a Form C with the SEC on February 14, 2024 to raise $100,000 to $124,000 in debt through MainVest, Inc.. The offering closed on March 22, 2024. In its most recent fiscal year it reported $523,520 in revenue and $2,292 in net income, with 1 employees.
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- Website
- www.saltwaterbakeshop.com
- Funding portal
- MainVest, Inc.
- Address
- 21 CLARENCE PL UNIT 301, San Francisco, CA 94107
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- September 11, 2018
- SEC CIK
- 0002011006
Offering terms
From the offering filed February 14, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $100,000
- Maximum
- $124,000
- Deadline
- March 22, 2024
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed March 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $523,520 | $328,884 | sec.gov |
| Cost of goods sold | $107,616 | $122,699 | sec.gov |
| Net income | $2,292 | $111,599 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $56,328 | $105,514 | sec.gov |
| Cash | $47,292 | $87,117 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $5,912 | $41,808 | sec.gov |
| Long-term debt | $38,164 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 29, 2024 | Progress update | $100,000 | $124,000 | March 22, 2024 | At the close of the offering, the issuer closed on $101,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| February 14, 2024 | Offering | $100,000 | $124,000 | March 22, 2024 | sec.gov |
Updated March 29, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.