Hoff and Pepper
Growth Stage
Your Everyday Hot Sauce
Overview
Raised: $431,999
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/15/2023
Close Date
11/13/2023
Min. Goal
$15,000
Max. Goal
$1,234,998
Min. Investment
$102
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$6.00
Pre-Money Valuation
$27,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
48
% of Min. Goal
2,880%
% of Max. Goal
35%
Likelihood of Max
Avg. Daily Raise
$4,194
# of Investors
568
Momentum
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Hoff and Pepper, with a valuation of $27 million, is raising funds on StartEngine. It is a hot sauce brand that makes bold and flavorful hot sauce using fresh ingredients. The hot sauces of Hoff and Pepper come with a distinctive fresh pepper flavor and complement the customers’ favorite foods. Hoff and Pepper has reported a 4,076% growth since its inception and reported $3 million in revenue in 2022. Aaron Hoffman and Michelle Hoffman founded Hoff and Pepper in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for automation and operations, balance sheet improvement, compensation, hiring, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,059,939 |
$1,866,645 |
|
COGS |
$2,213,002 |
$1,219,770 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-245,506 |
$20,111 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$267,121 |
$116,373 |
|
Accounts Receivable |
$102,184 |
$72,938 |
|
Total Assets |
$2,701,450 |
$200,728 |
|
Short-Term Debt |
$1,262,901 |
$537,987 |
|
Long-Term Debt |
$2,331,229 |
$14,749 |
|
Total Liabilities |
$3,594,130 |
$552,736 |
Financials as of: 06/15/2023
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