Fast Bags Corp

Biodegradable Trash Bags, inside America's First Trash Bag Dispensing System

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Categories
Retail, Consumer Goods & Products
Min Investment
$300
Location
Bernardsville, NJ
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$500.00K
No. Investors
401
Security Price
$2
Valuation
$9,543,000
Website
bagups.com
Number of Employees
1
Cash
$34,552
Revenue
$560,032
Short Term Debt
$344,464
Cost of Goods
$153,922
Long Term Debt
$0
Net Income
$-285,027

Key Deal Facts

The US trash bags market was $2.72 billion in 2021 & projected to be $3.83 billion by 2027
Fast Bags Corp increased sales by 277% from Jan - July 2022 over the same period in 2021
The company has secured 5 US & Canadian Utility Patents and Trademarks
Our biodegradable trash bags degrade in 2-3 yrs compared to 1,000 yrs for conventional bags
100% Made in the USA by Veterans and People with Disabilities
Saves Time & Money in commercial settings, 2hrs per 100 bag changes
Veteran owned & operated

Management Team / Advisory Board Bios

Jack Licata PresidentUS Air Force Veteran
Captain - Nuclear Missile Launch Officer
Amount Raised : $181,957
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