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Fmcg brand with 300% growth
Confidential, review description for further information
We believe organic, natural food is always better - for us, for our children and for the planet.
Coconuts Organic make award winning vegan ice cream. Currently distributed in over 450 Tesco stores across the UK, sales have grown over 300% this year, and we’ve sold over £400,000 of ice cream. We’re the UK’s only organic coconut-based vegan ice cream. Totally free-from refined sugar, made with natural ingredients and soya free. Dragon Peter Jones described is as the best he’d eaten that is free-from when our founder Cecily appeared on Dragons Den in 2018.
We’ve been growing really fast – 300% this year – but there is more to come. The UK ice cream market is worth £1.4bn. Consumer demand for plant-based dairy-alternative continues to grow, and last year even the UN recommended we cut our intake of animal products to help cut global warming. The market is ready, and we are perfectly positioned to capitalise on these key global trends.
We have also been working with Plymouth University for the last 12 months to devise a sustainable, cost-effective new packaging format for our ice cream. Remember when the tetra-pac carton burst on to the chilled drink scene? Suddenly the whole category looked different. The traditional ice cream pint format has stayed the same since forever. But we’re about to change this. Our new packaging format is in development for an Autumn 2020 launch.
We’re raising up to £750,000 to fund this innovation, new product development and sales and marketing activities. We are forecasting revenue of £26,000,000 in year 5. Based on these projections an investment of £500,000 will see a ROI of 55% on exit in year 5.
Total Funding Required: £750,000.00
Min. per Investor: £250,000.00
Industry: Food and Beverage
Sec. Industry: Consumer Non-Durables
Region: South West
Proposal ID: 22987
Investment Reason: Expansion Capital
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