Master Foods Lab
Early Stage
Taste of Homemade Functional Foods
Overview
Raised: $14,200
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/04/2022
Close Date
06/30/2022
Min. Goal
$10,000
Max. Goal
$1,069,990
Min. Investment
$150
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/02/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$165
# of Investors
28
Momentum
Not Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Master Foods Lab, with a valuation of $10 million, is raising funds on StartEngine. The contract manufacturing company makes clean label functional snacks and provides them to brands. The offerings of Master Foods Lab include vegan, keto, gluten-free, low sugar, and high protein snacks. The products of Master Foods Lab are made using high-quality ingredients and taste like homemade snacks. The business has grown at over 230% since its launch, from monthly revenues of $20,000 to over $200,000. Michael Alfaro founded Master Foods Lab in January 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,990. The campaign proceeds will be used to scale and solidify its position in the growing market.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$709,021 |
$0 |
|
COGS |
$771,240 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-421,365 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,631 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$316,022 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/04/2022
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