Black Momma Tea & Cafe

Early Stage

The Starbucks of the Tea Industry!

Analytics

Raised to Date: Raised: $588,545

Aggregate 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

Funding Type

RegCF

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

06/30/2018

Days Remaining
Funded
% of Min. Goal

1,177%

% of Max. Goal

55%

Likelihood of Max
Funded
Avg. Daily Raise

$3,081

Momentum
Funded
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Location

Woodland Hills, California

Industry

Food, Beverage, & Restaurants

Tech Sector

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Black Momma Tea & Cafe 06/15/2018 Wefunder $5,000,000 $588,545 Convertible Note Funded RegCF
Bistro Planet 02/23/2018 SeedInvest - $0 Debt Not Funded RegCF / RegD 506(c)
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Black Momma Tea & Cafe on Wefunder
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000
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