Tucson Tamale Company

Tucson Tamale Company

Growth Stage

The #1 Premium Tamale in the US aiming to be the #1 Premium Mexican Food Company

The #1 Premium Tamale in the US aiming to be the #1 Premium Mexican Food Company

Overview

Raised to Date: Raised: $132,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/02/2023

Close Date

05/01/2023

Min. Goal
$50,000
Max. Goal
$139,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2023

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

$4,723

# of Investors

79

Momentum
Funded
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Year Founded

2008

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Tucson, Arizona

Business Type

Growth

Tucson Tamale Company, with a valuation of $25 million, is raising funds on Wefunder. It is a premium tamale brand that sells delicious handmade tamales. The tamales of Tucson Tamale Company are authentic, flavorful, convenient, tasty, and made using clean ingredients. Tucson Tamale Company serves tamales in a variety of options, including meat, vegetarian, vegan, twin packs, single-serve, and family packs. The products are available in over 5,000 locations and averaged over 30% year-over-year growth in the past three years. Sherry Martin and Todd Martin founded Tucson Tamale Company in June 2008. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $139,000. The campaign proceeds will be used for R&D and marketing of new product launches, new channel development, and expansion of manufacturing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$6,801,097

$5,510,181

COGS

$5,346,555

$4,060,828

Tax

$8,425

$13,689

 

 

Net Income

$219,144

$212,101

Summary Balance Sheet

FY 2022 FY 2021

Cash

$601,185

$828,707

Accounts Receivable

$515,695

$695,183

Total Assets

$4,042,280

$2,631,024

Short-Term Debt

$1,589,606

$672,506

Long-Term Debt

$904,401

$677,584

Total Liabilities

$2,494,007

$1,350,090

Financials as of: 04/02/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Tucson Tamale Company 04/30/2023 Wefunder $25,000,000 $132,250 SAFE Funded RegCF
Tucson Tamale Company 01/12/2023 Wefunder $25,000,000 $478,438 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Tucson Tamale Company on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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