Black Momma Tea & Cafe

Black Momma Tea & Cafe

Closed: Jun. 2018

About this raise

You want a donut? Go to Dunkin’ Donuts. You want a latte? Go to Starbucks. You want tea? Go to...er...hmmm.

There’s no clear “tea spot” for people right now, and Black Momma Tea and Cafe (BMTC) is here to change that. They want to be the ultimate purveyors of tea and the “Starbucks” of the tea industry. They source their tea from different plantations and co-ops throughout the world and import it to the US, as well as manufacture and distribute it. With the creation of the BMTC, Black Momma is creating a physical extension of their brand. The BMTC will give the The Black Momma brand, which currently offers Black Momma Vodka, Black Momma Tea, Black Momma Agave, and Black Momma mixers online, a strong brick and mortar presence.

Right now, BMTC is focused on two NY locations. One is in an affluent community that already has a Starbucks, Dunkin Donuts, three high schools, a library, bowling alley, salon, car wash, and small businesses nearby. The second location is within 12 miles of the first and will be located in a strip mall near a university with 9,200 students and stores like Home Depot, Target, and Costco, as well as an amusement park and airport. Their future plans include franchising, as they’ve already had 156 requests from interested potential owners!

BMTCs will serve tea, beverages, and other food and drink products, including alcohol. Black Momma makes their own biodegradable tea bags, and they have a patented product that’s a biodegradable Nespresso compatible pad. Additionally, they source organic and gluten-free products, are Kosher-certified, and non-GMO. They also manufacture their patented biodegradable non-GMO tea bags, which hold whole tea leaves.

The Black Momma brand currently has 26,000 customers and totaled $2.5 million in online sales last year. In addition to supplying BMTCs with the existing manufacturing business, the brand will also transfer the e-commerce business over to the BMTC business.

The bottom line? Black Momma is changing how people enjoy tea...one BMTC at a time.

“Who Should Be Interested in This Offer:”
Do you love high-quality tea? Are you already a Black Momma brand fan? If you answered “yes” to both or either of these questions, then investing in Black Momma Tea & Cafe might be the move for you. Their already established brand, their strong customer base, and their ambition to become the “Starbucks” of the tea world all makes them a strong cup of investment tea that just might be what you’ve been looking for.

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Investment Overview

Invested this round: $588,545

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/06/2017
Close Date
06/15/2018
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$500

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
N.Babylon, New York
Company Website
Visit Website

Team

Employees
5

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/09/2019 Wefunder $21,700,000 $1,070,000 Equity - Common Funded RegCF
06/15/2018 Wefunder $5,000,000 $588,545 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Black Momma Tea & Cafe on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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