Pete’s Bagels has launched an innovative investment offering that allows anyone with a bank account to support the family-owned company’s expansion while earning a tidy profit.
The popular St. Petersburg-based bagel shop is now on SMBX, a public exchange that allows everyday investors to purchase shares of Small Business Bonds. Supporters, who receive 11% interest, have 42 days to help Pete’s Bagels raise $1.24 million.
The funding will help the local business compete with national chains by opening three to five new Tampa Bay locations, expanding its commercial kitchen and growing its catering and wholesale programs. Pete’s Bagels has raised $23,260 in six days…