Boichik Bagels on SMBX 2022

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Reporting Date

06/24/2022

Likelihood of Max

Momentum

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Location

Berkeley, California

Industry

Food, Beverage, & Restaurants

Boichik Bagels is raising funds on SMBX. The company has recreated one of the most iconic bagels of New York City. The business works through wholesale, web order pickups, and its own delivery system. Boichik Bagels has been a hit since its launch and has been named “the best bagel in the country” by New York Times. Emily Winston founded Boichik Bagels in June 2018. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,000,000. The campaign proceeds will be used for equipment and construction costs.

Summary Profit and Loss Statement

Revenue

$4,218,827

$2,539,753

COGS

$739,151

$450,436

Tax

$0

$0

 

 

Net Income

$1,786,922

$774,648

Summary Balance Sheet

Cash

$1,555,322

$600,216

Accounts Receivable

$48,962

$10,953

Total Assets

$2,094,509

$933,381

Short-Term Debt

$49,373

$12,654

Long-Term Debt

$42,201

$159,035

Total Liabilities

$91,574

$171,689

Financials as of: 06/23/2022

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