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Security Type
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CAFES
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Categories
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Consumer Goods & Products, Retail, Food & Bev, Healthcare & Medical, Food & Beverage, Health & Fitness, Other
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$780.00K
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $227,860
- Revenue
- $179,170
- Short Term Debt
- $11,597
- Cost of Goods
- $53,700
- Long Term Debt
- $266,340
- Net Income
- $-20,013
Key Deal Facts
Top selling local kombucha in the entire Whole Foods Midwest region
$1B industry, projected to hit $3.5B by 2026
Strategic partners include Whole Foods, Creation Gardens, US Foods and Green District
Over 90% reorder rate with retailers
Founders have extensive previous experience as healthcare professionals
Co-founder elected to trade association's Board of Directors
Won the Silver Award in the Kombucha Kup 2022
Management Team / Advisory Board Bios
Corey Wood Co-founder & CEOICU nurse turned CPG founder. Thrives in high pressure settings. CEO, Elixir Kombucha. Board Member, Kombucha Brewers International., Danielle Wood Co-founder & CPOExercise physiologist turned CPG founder. Obsessed with finding balance between flavor and function as Chief Product Officer for Elixir Kombucha., Patrick Kinsella Director of OperationsEntrepreneur and recovering mechanical engineer. Spent 11 years in manufacturing while running multiple side-hustles and serving as an advisor before transitioning into an operations role at a tech startup, and ultimately landing at Elixir., Lisa Oechsli Packaging SpecialistLisa has extensive history helping build inventory systems and product information processes for a large-scale warehouse operation. Her detail-oriented nature and energetic personality have made her a perfect fit for Elixir’s operations and culture., Louis Bowman Director of Design and MarketingSelf-taught in design and animation, Louis brings a vast skill set to Elixir's marketing efforts. See examples in our campaign below!
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.