Better Bean
Food Preparations
Overview
Raised: $66,990
Total Commitments ($USD)
Platform
SMBX
Start Date
06/01/2022
Close Date
07/05/2022
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,030
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Better Bean is raising funds on SMBX. The food business makes fresh beans with great flavor and are good for the environment. The beans of Better Bean come from sustainable and organic farms and are naturally delicious, without using sugar, fat, or chemical additives. The beans come in nine varieties and are sold nationwide. Keith Kullberg founded Better Bean in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for the new packaging launch, SQF and quality certifications, sales and marketing, packaging inventory, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,618,406 |
$0 |
|
COGS |
$1,312,861 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$26,780 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$366,228 |
$0 |
|
Accounts Receivable |
$139,931 |
$0 |
|
Total Assets |
$943,085 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$101,980 |
$0 |
|
Total Liabilities |
$101,980 |
$0 |
Financials as of: 06/01/2022
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