What is Grounds Bakery & Cafe?
Grounds Bakery & Cafe, a family-owned establishment operating in Long Beach, CA, has been a fixture in the community since 1993. The company is recognized for its diverse menu, featuring breakfast and lunch items such as bagels, muffins, sandwiches, salads, and pizzas, complemented by a wide array of coffee and baked goods. Renowned for its signature soft bagels and award-winning sandwiches, Grounds Bakery & Cafe has consistently been lauded by local publications, earning accolades as the best in its category since 2005. Beyond its retail operations, the cafe also extends its services to corporate clients, providing comprehensive catering for business meetings with a focus on reliable delivery and setup.
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 substantial capital infusion, particularly the recent major strategic investment, positions Grounds Bakery & Cafe for a new phase of expansion and operational enhancement. As a company with a long-standing history and a strong local reputation, this backing suggests a strategic focus on scaling its proven business model, potentially through expanding its service offerings, enhancing its catering division, or exploring new market opportunities. The late-stage funding context indicates a mature company poised for significant growth, leveraging its established brand equity and customer loyalty to drive future success.
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