Snowball Industries

Growth Stage
Helping you tap in the housing plumbing, heating & air market
Overview
Raised: $3,120,758
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
283
% of Min. Goal
15,604%
% of Max. Goal
62%
Likelihood of Max
Avg. Daily Raise
$76,116
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of Snowball Industries? Create your account today to claim this raise page.