Wicked BOLD

Once you try this chocolate, there's no going back

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Form C
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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
FLOWER MOUND, TX
Offering Date
April 13, 2021
Expected Close Date
November 10, 2023
Target Raise
$100.00K-$370.50K
No. Investors
32
Security Price
$1
Website
wickedbold.com
Number of Employees
2
Cash
$43,252
Revenue
$57,704
Short Term Debt
$0
Cost of Goods
$41,306
Long Term Debt
$0
Net Income
$-67,460

Company Description

Our small-batch vegan chocolate is handmade in Texas using organic & ethically sourced cacao from Belize. We craft healthy & delicious chocolate with simply 3 ingredients and we ain't never changing.

Key Deal Facts

In 2019 during a cross country move Brooklynn & Deric decided to pull the trigger on their chocolate concept. In March of 2020 we landed our first wholesale account and as of today we're carried in over 30 stores. In December 2020, Deric & Brooklynn signed a lease for a 1,000 square foot retail space to expand manufacturing and introduce a vegan concept restaurant in the front of house.

Use of Proceeds

  • 6 month expenses runway: $32,800
  • equipment to scale chocolate capacities: $8,000
  • marketing (local & national/influencer campaigns): $22,000
  • backend fractional employees (finance mainly): $15,900
  • working capital: $20,000
  • Mainvest Compensation: $6,300

Management Team / Advisory Board Bios

Deric Cahill, CEO Deric is a husband, father, sales leader & serial entrepreneur. Most recently, he has served as the Vice President of Sales for a global technology company and as a senior consultant advising startups and mid-sized organization as it pertains to their sales strategy. Deric has a strong passion for helping people realize their potential and he strongly believes that action is the greatest equalizer. Brooklynn Cahill, Co-Founder & Chief People Officer Brooklynn brings the passion for health &wellness to Wicked BOLD. Her commitment to transparent foods & sustainable ingredients is the differentiator for Wicked BOLD. The community building around Wicked BOLD is thanks to Brooklynn and her commitment to building an environment of growth.

Amount Raised : $15,600
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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