Babe Kombucha
Growth Stage
Invest in a Leading Kombucha Brand Expanding Nationwide
Overview
Raised: $376,500
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/26/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$850,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
Funding Type
RegCF
Valuation Cap
$6,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
88
% of Min. Goal
753%
% of Max. Goal
44%
Likelihood of Max
Avg. Daily Raise
$10,176
# of Investors
55
Momentum
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Location
San Diego, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Babe Kombucha, with a valuation of $6 million, is raising funds on Wefunder. It is a leading kombucha brand that makes flavorful and delicious drinks. The business owns its manufacturing facility to produce at a national scale and has a distribution partnership with UNFI and KEHE. Babe Kombucha is expanding from 500 to 1,200 stores by expanding into Sprouts and Grocery Outlet and generated $1 million in revenue in 2022. Vinnie Pavan and Marco Quadros founded Babe Kombucha in December 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $850,000. The campaign proceeds will be used for marketing, launching a new line of products, tanks and equipment acquisition, and fulfilling national account orders.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$772,822 |
$501,850 |
|
COGS |
$276,127 |
$228,864 |
|
Tax |
$1,860 |
$1,777 |
| ||
| ||
|
Net Income |
$-76,920 |
$-105,948 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$25,346 |
$35,461 |
|
Accounts Receivable |
$42,048 |
$7,286 |
|
Total Assets |
$545,486 |
$439,665 |
|
Short-Term Debt |
$128,767 |
$243,743 |
|
Long-Term Debt |
$235,404 |
$126,013 |
|
Total Liabilities |
$364,171 |
$369,756 |
Financials as of: 12/26/2022
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Analyst Report
Pending Review