Snowball Industries

Growth Stage

Helping you tap in the housing plumbing, heating & air market

Overview

Raised to Date: Raised: $3,120,758

Total Commitments ($USD)

Platform

Equifund CFP

Start Date

02/10/2023

Close Date

12/31/2023

Min. Goal

$20,000

Max. Goal

$5,000,000

Min. Investment

$501

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.30

Pre-Money Valuation

$46,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

283

% of Min. Goal

15,604%

% of Max. Goal

62%

Likelihood of Max
extremely
Avg. Daily Raise

$76,116

Momentum
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Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Las Vegas, Nevada

Business Type

Growth

Snowball Industries, with a valuation of $46 million, is raising funds on Equifund CFP. The company acquires high-quality and long-term businesses and holds them for a long period of time. It is active in commercial and residential HVAC and plumbing and generates revenue through multiple streams. Currently, Snowball Industries operates plumbing and HVAC services in various markets, including the Phoenix Arizona metro area, the northwest Arkansas metro area, and the Washington, DC metro area. Amir Haboosheh founded Snowball Industries in September 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $5 million. The campaign proceeds will be used for advertising and marketing, asset acquisition and M&A, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$13,701,967

$654,249

COGS

$9,967,182

$352,214

Tax

$296,527

$79,247

 

 

Net Income

$6,932,001

$337,150

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,208,859

$7,273,692

Accounts Receivable

$2,676,066

$1,771,842

Total Assets

$35,644,782

$15,093,591

Short-Term Debt

$4,308,281

$3,581,810

Long-Term Debt

$32,193,823

$10,721,000

Total Liabilities

$36,502,104

$14,302,810

Financials as of: 02/10/2023
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Snowball Industries on Equifund CFP 2023
Platform: Equifund CFP
Security Type: Equity - Common
Valuation: $46,000,000

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