Lola Snacks

Early Stage

We take the B.S. out of IBS.

Overview

Raised to Date: Raised: $11,790

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/07/2022

Close Date

02/02/2023

Min. Goal

$9,999

Max. Goal

$1,234,999

Min. Investment

$200

Security Type

Equity - Common

Series

Pre-Seed

Funding Type

RegCF

Price Per Share

$1.98

Pre-Money Valuation

$12,004,186

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

0

% of Min. Goal

118%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$136

# of Investors

22

Momentum
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Location

North Salem, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Lola Snacks, with a valuation of $12 million, is raising funds on StartEngine. 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 $9,999 and a maximum target of $1.23 million. The campaign proceeds will be used to grow the product line, develop new partnerships, and expand to new locations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$203,717

$161,185

COGS

$110,584

$85,228

Tax

$0

$0

 

 

Net Income

$10,599

$-196,892

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,296

$4,086

Accounts Receivable

$106,971

$29,941

Total Assets

$111,268

$94,486

Short-Term Debt

$595,409

$592,203

Long-Term Debt

$0

$0

Total Liabilities

$595,409

$592,203

Financials as of: 11/07/2022
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Lola Snacks on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,004,186

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