Lola Snacks

[Closed for Investment] Lola Snacks is raising funds on MainVest. The company makes plant-based energy bars that provide probiotics and improve the gut’s microbiome. The bars of Lola Snacks combine probiotics and probiotics with plant-based protein to address gut health issues, boost immunity, and give energy. Lola Snacks sells through 1,500 locations, including convenience stores, food service, and universities, and has catering partnerships with Nike, Citi Bank, Bank of America, and Goldman Sacs. Mary Molina founded Lola Snacks in August 2012. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $200,000. The campaign proceeds will be used for inventory.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
03/22/2023
Close Date
05/26/2023
Min. Goal
$60,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rev. Share %

3.25%

Company & Team

Company

Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
North Salem, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Mary Molina
Title
President/CEO
Founder Name
Ernie Molina
Title
VP and Biz Develpment

Funding data not publicly available

Financials

as of Fiscal Year 2021
 Revenue +26% YoY
$203,717
 Monthly Burn
Profitable
 Cash on Hand
$4,296
Gross Margin
46%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$203,717

$161,185

COGS

$110,584

$85,228

Tax

$0

$0

 

 

Net Income

$10,599

$-196,892

Summary Balance Sheet

FY 2021 FY 2020

Cash

$4,296

$4,086

Accounts Receivable

$106,971

$29,941

Total Assets

$111,268

$94,486

Short-Term Debt

$67,377

$83,513

Long-Term Debt

$528,032

$508,690

Total Liabilities

$595,409

$592,203

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/26/2023 MainVest - $0 Revenue Share Not Funded RegCF
02/02/2023 StartEngine $12,004,186 $11,790 Equity - Common 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.

Employee History

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Lola Snacks on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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