Better Bean

Better Bean

Food Preparations

Food Preparations

Overview

Raised this Round: 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    Open SEC Filing

Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Wilsonville, Oregon

Business Type

Life Style

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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Better Bean on SMBX 2022
Platform: SMBX
Security Type: Debt

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