Lick Honest Ice Creams

Lick Honest Ice Creams

Growth Stage

Texas-based artisanal ice cream brand that generated $3.8+ million in revenue in 2022

Texas-based artisanal ice cream brand that generated $3.8+ million in revenue in 2022

Overview

Raised to Date: Raised: $166,167

Total Commitments ($USD)

Platform

Microventures

Start Date

09/16/2023

Close Date

02/12/2024

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,123

# of Investors

320

Momentum
Funded
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Year Founded

2011

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Cedar Park, Texas

Business Type

Growth

Company Website

Lick Honest Ice Creams, with a valuation of $10 million, is raising funds on MicroVentures. It is an artisanal ice cream brand that makes ethically sourced and Texas-inspired ice creams. Lick Honest Ice Creams has eight locations across four Texas cities and sells about 1 million ice cream scoops per year. The business is committed to sustainability, taste, and exciting flavors and has received national recognition for its ice creams. Anthony Sobotik and Chad Palmatier founded Lick Honest Ice Creams in March 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, manufacturing, Scoop Shop development, shop renovations, and future wages.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,841,308

$2,842,079

COGS

$1,589,464

$1,141,666

Tax

$4,937

$1,300

 

 

Net Income

$-507,332

$-88,700

Summary Balance Sheet

FY 2022 FY 2021

Cash

$110,559

$439,207

Accounts Receivable

$59,710

$12,764

Total Assets

$3,022,298

$2,046,404

Short-Term Debt

$489,319

$831,144

Long-Term Debt

$3,036,329

$907,528

Total Liabilities

$3,525,648

$1,738,672
Financials as of: 09/16/2023
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Lick Honest Ice Creams on MicroVentures 2023
Platform: Microventures
Security Type: Convertible Note
Valuation: $10,000,000

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