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07/12/2022
Lake Forest, Illinois
Food, Beverage, & Restaurants
Cool Beans, with a valuation of $6 million, is raising funds on Republic. The company sells minimally-processed beans in the form of snacks. The offerings of Cool Beans include a line of frozen plant-based wraps that bring whole foods into the diet easily. The Cool Beans wraps are loaded with 27 plant-based ingredients with appealing flavors and gut health. Cool Beans is available at over 5,000 PODs, 1,500 stores, and 16 distribution centers and expects to generate $1.2 million in revenue in 2022. Tyler Mayoras, Mike Brennan, Caryn Rowe Africk, and Eric Schnell founded Cool Beans in May 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
|
Revenue |
$85,416 |
$327,080 |
|
COGS |
$290,500 |
$345,988 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-1,024,160 |
$-560,389 |
Summary Balance Sheet
|
Cash |
$72,342 |
$580,668 |
|
Accounts Receivable |
$0 |
$56,155 |
|
Total Assets |
$134,827 |
$702,512 |
|
Short-Term Debt |
$1,776,003 |
$1,619,705 |
|
Long-Term Debt |
$375,473 |
$83,100 |
|
Total Liabilities |
$2,151,476 |
$1,702,805 |
Financials as of: 07/12/2022
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