What is Grounds Bakery & Cafe?
Grounds Bakery & Cafe, established in 1993 in Long Beach, CA, is a family-owned eatery renowned for its diverse menu and welcoming atmosphere. The establishment offers a comprehensive selection of breakfast and lunch items, including bagels, muffins, sandwiches, salads, and pizzas, complemented by a wide array of coffee and baked goods. Recognized locally since 2005 as the best in its category for award-winning sandwiches, Grounds Bakery & Cafe also provides dedicated catering services for business meetings, ensuring seamless delivery and setup for clients. The company's longevity and consistent local accolades underscore its strong market presence and customer loyalty.
How much funding has Grounds Bakery & Cafe raised?
Grounds Bakery & Cafe has raised a total of $311K across 2 funding rounds:
Debt
$150K
Debt
$161K
Debt (2020): $150K with participation from PPP
Debt (2021): $161K led by PPP
What's next for Grounds Bakery & Cafe?
The recent strategic investment signifies a pivotal moment for Grounds Bakery & Cafe, likely enabling the company to expand its operational capacity, enhance its menu offerings, or invest in new market penetration strategies. Given the late-stage funding context, the focus will likely be on scaling existing operations, optimizing supply chains, and potentially exploring new locations or franchise opportunities. This capital infusion is expected to fortify its competitive edge and support its long-term vision for sustained success in the food and beverage industry.
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