Our Life Foods

Our Life Foods

[Closed for Investment] Our Life Foods is creating a line of products that brings true Cajun flavor to homes across the country. Made, grown, manufactured and produced in Louisiana, Our Life Foods offers consumers authentic, Certified Cajun foods in retailers across the US, as well as Canada, the Caribbean, and Australia. Chris Fontenot founded Our Life Foods. The current crowdfunding campaign has a minimum raise of $100,000 and a maximum raise of $205,000. The proceeds of the raise will be used towards the refinance of existing debt.

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Investment Overview

Raised this Round: Raised: $71,840

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
12/23/2020
Close Date
04/07/2021
Min. Goal
$50,000
Max. Goal
$205,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Damascus, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Chris Fontenot
Title
CEO

Financials

 Revenue +28% YoY
$489,576
 Monthly Burn
$12,124
 Runway
1.7 months
Gross Margin
34%
View Detailed Financials Expand

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$489,576

$382,988

COGS

$324,625

$211,540

Tax

$0

$0

 

 

Net Income

$-145,487

$-154,407

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,275

$3,953

Accounts Receivable

$60,422

$24,624

Total Assets

$345,168

$39,200

Short-Term Debt

$347,865

$192,859

Long-Term Debt

$452,548

$117,669

Total Liabilities

$800,413

$310,528
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/07/2021 SMBX - $71,840 Debt Funded RegCF
05/18/2020 Microventures $4,000,000 $38,501 Convertible Note 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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Our Life Foods on SMBX
Platform: SMBX
Security Type: Debt

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Deal Considerations

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Warning: according to the close date for this deal, Our Life Foods may no longer be accepting investments.

Our Life Foods Deal Report

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