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Security Type
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Other
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Categories
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Technology, Retail, Financial Services, Food & Bev
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Min Investment
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$250
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$1.07M
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No. Investors
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60
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $275,127
- Revenue
- $368,278
- Short Term Debt
- $26,787
- Cost of Goods
- $151,046
- Long Term Debt
- $750,000
- Net Income
- $25,311
Company Description
First to market with an antioxidant rich NEW superfood called Wine RayZyns
Profitable and proven business model with over $1,500,000 in sales
Valuable portfolio of Intellectual Property Assets - Patents, Trademarks, Trade Dress, etc.
$2.5M raised on a $20M valuation in initial equity offering via a syndicate of strategic investors
Management team with over 50 years of start-up wisdom
Sustainability Mission - reducing food waste and bringing "good" to local communities
National Distribution for both packaged and bulk ingredient products
Proven demand in both domestic and international markets
Key Deal Facts
First to market with an antioxidant rich NEW superfood called Wine RayZyns
Profitable and proven business model with over $1,500,000 in sales
Valuable portfolio of Intellectual Property Assets - Patents, Trademarks, Trade Dress, etc.
$2.5M raised on a $20M valuation in initial equity offering via a syndicate of strategic investors
Management team with over 50 years of start-up wisdom
Sustainability Mission - reducing food waste and bringing "good" to local communities
National Distribution for both packaged and bulk ingredient products
Proven demand in both domestic and international markets
Use of Proceeds
$100,000
7.5% WeFunder fee; 10% Accelerate sales with Executive/Consulting Positions; 10% Web-based Sales and Marketing Campaign; 30% Funding of Inventory Build Out; 5% Research and Development; 20% Develop and protect Intellectual Properties (IP); and 17.5% General Operating and Miscellaneous Expenses
$1,070,000
7.5% WeFunder fee; 10% Accelerate sales with the hiring of two (2) Positions; 10% East Coast Office; 10% Web-based Sales and Marketing Campaign; 20% Funding of Inventory Build Out; 5% Research and Development; 20% Develop and protect Intellectual Properties (IP); and 17.5% General Operating and Miscellaneous Expenses