Pure Green Franchise

Pure Green Franchise

[Closed for Investment] Pure Green Franchise, with a valuation of $33 million, is raising funds on Republic. It is a juice bar franchise that makes superfoods easily accessible to people through its handcrafted menu. Pure Green’s menu includes cold-pressed juices, cold-pressed juice shots, acai bowls, pitaya bowls, superfood smoothies, and superfood-infused oatmeal bowls. The business has over 100 locations open or in development and has $1 million per month in system-wide revenue. Ross Franklin founded Pure Green Franchise in August 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.75 million. The campaign proceeds will be used for marketing, training and development, hiring, and general working capital.

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Investment Overview

Raised this Round: Raised: $435,195

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
06/27/2023
Close Date
09/26/2023
Min. Goal
$50,000
Max. Goal
$1,750,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$30,000,000

Valuation Cap

$33,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Ross Franklin
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue +88% YoY
$2,409,783
 Monthly Burn
$30,063
 Runway
0.3 months
Gross Margin
68%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,409,783

$1,282,796

COGS

$762,342

$410,060

Tax

$0

$0

 

 

Net Income

$-360,753

$-736,904

Summary Balance Sheet

FY 2022 FY 2021

Cash

$7,709

$1,119,461

Accounts Receivable

$339,300

$22,755

Total Assets

$13,028,454

$2,508,300

Short-Term Debt

$494,797

$139,794

Long-Term Debt

$3,212,073

$2,505,656

Total Liabilities

$3,706,870

$2,645,450

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,396,159
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Pure Green Franchise 09/26/2023 Republic $33,000,000 $435,195 SAFE Funded RegCF
Pure Green Franchise 08/18/2020 Republic $12,000,000 $1,070,000 SAFE 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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Founder Profile

Franchising Health: How Ross Franklin is Crafting a Global Network of Pure Green Locations

Pure Green is a juice bar franchise. The menu includes cold-pressed juices, cold-pressed juice shots, acai bowls, pitaya bowls, superfood smoothies, and superfood-infused oatmeal bowls. The business has over 100 locations open or in development. Pure Green founder Ross Franklin is a crowdfunding veteran. This is his second raise on Republic. We sat down with him to discuss major updates since the last raise, plans, and more.

Read Founder Interview

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Pure Green Franchise on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $33,000,000

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