Taste of Nature
Growth Stage
Premium Confectionary
Overview
Raised: $3,000,000
Total Commitments ($USD)
Platform
Equifund CFP
Start Date
11/04/2022
Close Date
11/30/2022
Min. Goal
$20,000
Max. Goal
$3,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$50,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$115,385
Momentum
Funded
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Year Founded
1992
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Taste of Nature, with a valuation of $50 million, is raising funds on Equifund CFP. It is a confectionary and snack company that is recognized as a world leader in cookie dough confections. The product offerings of Taste of Nature include Cookie Dough Bites, Swirlz, and Muddy Bears, and are available in major outlets like Walmart, Walgreens, CVS, Amazon, and 7-11. Scott Samet and Douglas Chu founded Taste of Nature in June 1992. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $3 million. The campaign proceeds will be used for plant expansion and CAPEX, advertising and marketing, asset acquisitions and M&A, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$28,378,261 |
$17,106,626 |
|
COGS |
$19,515,182 |
$12,890,406 |
|
Tax |
$2,636 |
$2,101 |
| ||
| ||
|
Net Income |
$2,468,891 |
$-2,948,589 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$237,371 |
$399,586 |
|
Accounts Receivable |
$2,591,693 |
$1,776,393 |
|
Total Assets |
$8,211,126 |
$7,383,407 |
|
Short-Term Debt |
$3,280,522 |
$2,687,006 |
|
Long-Term Debt |
$3,531,983 |
$5,833,822 |
|
Total Liabilities |
$6,812,505 |
$8,520,828 |
Financials as of: 11/04/2022
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