Snowball Industries

Snowball Industries

Growth Stage

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

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

Overview

Raised to Date: Raised: $3,190,000

Total Commitments ($USD)

Platform

Equifund

Start Date

02/09/2023

Close Date

07/03/2023

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
Funded
Reporting Date

07/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$22,308

Momentum
Funded
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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

Company Website

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

FY 2021 FY 2020

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

FY 2021 FY 2020

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: 02/09/2023
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Snowball Industries on Equifund CFP 2023
Platform: Equifund
Security Type: Equity - Common
Valuation: $46,000,000
Price per Share: $0.30

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