Business Description
Sugarbird Sweets is a wholesale and retail bakery and tea company, specializing in scones and tea, providing wholesale baked goods and teas to restaurants, cafes. The company started at the farmer’s market 6 years ago with just a few small batch blended teas and 2 types of scones.
After moving from one rental kitchen to another, in 2015 we finally were able grow into our own full production facility inside the One Wilshire Building located in the financial district in downtown Los Angeles offering breakfast, lunch and corporate catering services to start-up companies, law and financial offices in the area. Since opening our small bunker cafe in the rear lobby of this building, we’ve increased our scone imprint by far changing the image of a traditional scone into a rustic scone with possibilities of different flavor combos ranging from sweet to savory.
Our customers range from kids at the farmer’s market who love our sprinkled buttermilk scone to adults who weekly come in for the matcha white chocolate scones to our bacon and date scones. While we service everyone from maintenance workers, fiber optic gurus and environmental lawyers who work in the building, our corporate lunch cart services is also gaining popularity around downtown. To keep our Sugarbird dream alive, we have a great group of employees who continue to inspire new dishes, new flavors and work together to continue optimizing Sugarbird to reach our next nest to grow.
What is the purpose of this loan?
This loan will help us pay for two new freezers allowing us to have more space to store our raw scone dough and accept more wholesale clients. The remainder would go towards a dough depositor to scale up our scone production.
We are currently maxed out for storage space and unable to take-on additional clients without this space. Having additional freezer storage will allow us to accept 5 to 10 more clients, generating $500-$1000 additional revenue per month.
This would get us closer to our goal of 10 new wholesale clients by end of the year.