Uncle’s Ice Cream
Growth Stage
Hawaii’s Favorite Ice Cream Sandwich
Overview
Raised: $1,069,971
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/16/2022
Close Date
11/15/2022
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.15
Pre-Money Valuation
$12,900,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$11,889
# of Investors
895
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
High
Capital Intensity
High
Uncle’s Ice Cream, with a valuation of $12.9 million, is raising funds on StartEngine. The company makes premium craft ice cream sandwiches in tropical and traditional flavors. The business has always prioritized quality, taste, convenience, and variety and has become Hawaii’s favorite ice cream novelty. Uncle’s Ice Cream plans to expand to more states and will soon sell its products in Whole Foods stores across major cities, including Phoenix, Las Vegas, and Los Angeles. Paul D Logan and Barbara J Logan founded Uncle’s Ice Cream in August 2017. The current crowdfunding campaign has a minimum target of $9,999.65 and a maximum target of $1,069,999.10. The campaign proceeds will be used to start its mainland operations and ship to neighboring Hawaiian islands.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,183,036 |
$787,868 |
|
COGS |
$711,561 |
$464,253 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$14,152 |
$47,421 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$103,312 |
$210,891 |
|
Accounts Receivable |
$51,959 |
$45,608 |
|
Total Assets |
$404,941 |
$383,197 |
|
Short-Term Debt |
$109,462 |
$82,089 |
|
Long-Term Debt |
$251,243 |
$271,024 |
|
Total Liabilities |
$360,705 |
$353,114 |
Financials as of: 08/16/2022
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