Vegan Fine Brands

Vegan Fine Brands

Early Stage

100% Vegan

100% Vegan

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/04/2021

Close Date

02/09/2021

Min. Goal
$10,000
Max. Goal
$358,615
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Early Bird Valuation

$9,500,000

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

02/09/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Boca Raton, Florida

Business Type

Life Style

Vegan Fine Brands, with a $10 million pre-money valuation, is raising crowdfunding on StartEngine. The company makes and sells 100% vegan products through its flagship store. It has also developed new plant-based meat, eggs, and dairy products and sells through the Vegan Fine Cafe, Vegan Fine Body, and its e-commerce stores. Steven Smith founded Vegan Fine Brands in September 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $358,615, and the funds will be used to continue expansion through franchising, develop new e-commerce assets, and develop the private label brands. Vegan Fine Brands has served over 50,000 customers and generated $1 million in revenue in the first year of operation.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$822,264

$752,342

COGS

$933,264

$705,336

Tax

$0

$0

 

 

Net Income

$-714,538

$-369,205

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$59,108

$66,732

Accounts Receivable

$500

$0

Total Assets

$300,337

$359,448

Short-Term Debt

$370,197

$398,273

Long-Term Debt

$637,027

$33,958

Total Liabilities

$1,007,224

$432,231

Financials as of: 01/04/2021
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Vegan Fine Brands on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $5.00

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