Natural Way Food Group on Wefunder 2022

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Analytics

Security Type

Equity – Preferred

Pre-Money Valuation

$3,999,999

Reporting Date

07/11/2022

Likelihood of Max

Momentum

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Location

Fayetteville, Arkansas

Industry

Food, Beverage, & Restaurants

Natural Way Food Group, with a valuation of $4 million, is raising funds on Wefunder. The company makes innovative nut butters that are healthier for people and the planet. The ingredients of Natural Way nut butters are sourced ethically and made with olive oil. The almond and peanut butters of Natural Way come in a variety of flavors, including original, honey, chocolate, coffee, pumpkin spice, and gingerbread. Natural Way Food Group increased its revenue by 143% from 2019 to 2021 and projects to reach $1.16 million in revenue in 2023. Austin Simkins and Quinn Simkins founded Natural Way Food Group in March 2017. The current crowdfunding campaign has a minimum target of $50,101 and a maximum target of $1,069,962. The campaign proceeds will be used for purchasing new equipment, digital Amazon spend, partnerships, and retailer support.

Summary Profit and Loss Statement

Revenue

$306,160

$228,341

COGS

$186,426

$146,720

Tax

$0

$0

 

 

Net Income

$-660,490

$-102,189

Summary Balance Sheet

Cash

$209,489

$2,130

Accounts Receivable

$50,386

$1,205

Total Assets

$422,757

$55,854

Short-Term Debt

$58,765

$21,087

Long-Term Debt

$97,716

$108,000

Total Liabilities

$156,481

$129,087

Financials as of: 07/11/2022

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