Elite Sweets

Elite Sweets

Early Stage

Revolutionizing Snacking with The Elite Donut

Revolutionizing Snacking with The Elite Donut

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Mr. Crowd

Start Date

05/15/2024

Close Date

12/31/2024

Min. Goal
$50,040
Max. Goal
$300,024
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.44

Pre-Money Valuation

$4,731,224

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/18/2024

Days Remaining

226

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Location

Pflugerville, Texas

Elite Sweets, with a valuation of $4.7 million, is raising funds on Mr. Crowd. The company is the creator of The Elite Donut, a tasty, healthy, and satisfying treat. Elite Sweets bridges the gap between indulgence and nutrition and caters to health-conscious individuals without compromising on taste. The Elite Donut is gluten-free, keto-friendly, low-sugar, and high on protein and is available through various outlets, including Amazon Go, 7-Eleven, and Gold’s Gym. Amin D. Bahari founded Elite Sweets in June 2021. The current crowdfunding campaign has a minimum target of $50,040 and a maximum target of $300,024. The campaign proceeds will be used for new product development, scaling up production, expansion of retail footprint, marketing, and staff hiring.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$324,302

$1,042,213

COGS

$248,047

$689,526

Tax

$0

$0

 

 

Net Income

$-300,743

$-1,258,340

Summary Balance Sheet

FY 2023 FY 2022

Cash

$32,802

$278,754

Accounts Receivable

$12,643

$-670

Total Assets

$391,528

$477,469

Short-Term Debt

$74,994

$1,082,440

Long-Term Debt

$2,621,281

$2,356,630

Total Liabilities

$2,696,275

$3,439,070

Financials as of: 05/15/2024
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Elite Sweets on Mr. Crowd 2024
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $4,731,224
Price per Share: $1.44

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