Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
03/21/2023
Close Date
05/26/2023
Min. Goal
$60,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
3.25%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/26/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 03/21/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Lola Snacks | 05/25/2023 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |
| Lola Snacks | 02/01/2023 | StartEngine | $12,004,186 | $11,790 | Equity - Common | Funded | RegCF |
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