The Organic Candy Factory
Early Stage
Organic, Vegan, & Kosher Candy Confections
Overview
Raised: $5,646
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/29/2022
Close Date
02/27/2023
Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/27/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$63
# of Investors
18
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
The Organic Candy Factory, with a valuation of $5 million, is raising funds on StartEngine. The company makes organic, eco-friendly, healthy, and sustainable candy products. The Organic Candy Factory candies are made without artificial coloring, allergens, animal byproducts, and high-fructose corn syrup and are, therefore, healthier alternatives to traditional candies. The Organic Candy Factory has multiple products available across many retail stores, including Fred Segal, Macy’s, Walmart, Pressed Juicery, and many more. Piper Cochrane founded The Organic Candy Factory in April 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used to expand offerings, refine the marketing strategies, and optimize the e-commerce operations.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$111,431 |
$81,908 |
|
COGS |
$54,884 |
$47,085 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$17,673 |
$-85,977 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$108 |
$1,145 |
|
Accounts Receivable |
$18,642 |
$7,029 |
|
Total Assets |
$113,720 |
$22,743 |
|
Short-Term Debt |
$16,991 |
$10,347 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$16,991 |
$10,347 |
Financials as of: 11/29/2022
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