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Invest in 3 Some Chocolates Cuisine
It's not just Chocolate it's an Experience!!!
We chose to create a brand that people could love and enjoy while offering great quality. We LOVE chocolate and lovers of chocolate can appreciate everything we offer in our product, which is why we can't wait to make the items more accessible around the country. At our chocolate cuisine we want to offer a unique and unforgettable experience x3!
3 Some Chocolates
Patrick Glanville & Kristin Parker, Founders @ 3 Some Chocolates Cuisine
Early Bird Terms: $29,128 Left
$70,872
of a $50,000-$1,070,000 goal
Invest via a
Future Equity Agreement
$3M$2.5Mvaluation cap
First $100K will invest in a SAFE with a $2.5M valuation cap and 20% discount.
20.0%discount
A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $2.5M in the future.
Held in Escrow & Refundable. Wefunder Portal LLC can refund upon request while funds are in escrow. You'll get a 5 day notice when a round closes.
Why you may want to invest in us...
| 1 | An opportunity to be a part of the transformation & distribution of a unique brand that has seen an increase in sales of 90% in 2019. |
| 2 | Numerous 5-star ratings. Over 40k customers and still growing. |
| 3 | Featured on Fox 5 News, CBS, Good Morning America, Good Day New York, Newsday & NBC. |
| 4 | Participates in multiple chocolate shows and other events. Which helps increase sales and brand recognition. We're always out in the field! |
| 5 | 3 Some Chocolates and our Jerk Chocolate recipe are trademarked with the United States Patent and Trademark Office making us exclusive. |
| 6 | 3 Some Chocolates will serve as the flagship location, manufacturing and distribution company for all items previously created by us. |
Our Team
And Our Major Accomplishments
3 Some Chocolates
Patrick Glanville & Kristin Parker, Founders
We are chocolatiers looking to offer you a unique experience at our all new Chocolate Cuisine. We combine 3 flavors in one and make it for everyone. Its not just chocolate, its an experience x3!
Patrick Glanville
CEO & President
I have turned this vision of 3 Some Chocolates into reality with hard work & dedication. I have built the foundation so that it can be viable and can grow into an amazing brand. With my passion & consistency we can take this company to great limits.
Kristin Parker
CFO & Co-CEO
I make sure that our company is functioning properly from a legal, operational and financial standpoint. I ensure that all the steps we take make it an attractive company for investment and that we stay informed of market trends.
Why people love us
The founders of 3 Some Chocolates are a dedicated and hard working people. I watched Patrick and Kristin build this company from the ground up through social media and the growth has been phenomenal. I am a proud supporter of their products and I know they will be able to do amazing things with their brand! I look forward to seeing what they will do next!
Shatek King
Friend
Some of our investors
we've raised $73,669 from 144+ investors since our founding
In the news
JoJo Pastors talks about Adventurous Nights Out
We are joined by Lifestyle Expert, JoJo Pastors to talk about Adventurous Nights Out with 3Some Chocolates and WildRide App. Taking your nights out to a whole new level and whole new experience; of adventure, of euphoria, of new memories. Made with all 3 of the finest premium chocolates, milk, dark and white.
September 14, 2018
@ wtnh.com
Downloads
Investor Q&A
What does your company do?
3 Some Chocolates uses premium chocolates, blends flavors and creates combinations that people would never imagine together! Its not just Chocolate, but a variety of infusions everyone can enjoy.
Where will your company be in 5 years?
We would love for the 3 Some Chocolates Cuisine Franchise to be open in major cities across the United States, Canada & Europe and to have our signature products in major retail stores. We have already found a location in Manhattan that would be the perfect spot for our first Cuisine!
Why did you choose this idea?
What would you do with the money you raise?
Where do you plan to open your first location?
What is your target opening date for your first location?
How will you generate revenue?
Why did you branch off from chocolate into the cuisine industry?
What is the relationship between "3 Some Chocolates LLC" and "3 Some Chocolate Cuisine, Inc.?"
Financials
3 Some Chocolates Cuisine has financial statements ending November 30 2019. Our cash in hand is $635, as of November 2019. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month.
At a Glance
September 24
to December 31
$0
Revenue
-$2,613
Net Loss
$0
Short Term Debt
$2,797
Raised in 2019
$635
Cash on Hand
As of 11/30/19
As of 11/30/19
A note from Wefunder. Unlike companies on the NASDAQ, early-stage startups have little operating history. Financial analysis is not as useful when there is limited data. It's more important to predict the size of the future market. If the founder achieves their vision, will enough customers pay the company enough money?
It's also common for fast-growing startups to lose money even faster: they are investing in future growth. In these cases, it's often better to check if the Cost of User Acquisition (CAC) is lower than the Lifetime Value (LTV) of that customer. If one spends $1000 today to make $10,000 over the next five years, that may be a smart bet. Amazon is a famous example of re-investing potential profits to maximize growth over 20 years.
It's also common for fast-growing startups to lose money even faster: they are investing in future growth. In these cases, it's often better to check if the Cost of User Acquisition (CAC) is lower than the Lifetime Value (LTV) of that customer. If one spends $1000 today to make $10,000 over the next five years, that may be a smart bet. Amazon is a famous example of re-investing potential profits to maximize growth over 20 years.
Net Margin:
N/A
N/A
Gross Margin:
N/A
N/A
Return on Assets:
-381%
-381%
Earnings per Share:
-$2.61
-$2.61
Revenue per Employee:
$0
$0
Cash to Assets:
100%
100%
Revenue to Receivables:
~
~
Debt Ratio:
408%
408%
3 Some Chocolates Financial Statements- Reviewed.pdf
Risks
| 1 | Competition in New York City is very high especially in the food and beverage industry, we have to compete with franchises that are already established and have a well known name and reputation. |
| 2 | Securing a reasonable lease in a high traffic area which is why we are targeting specific neighborhoods in Manhattan and Brooklyn. |
| 3 | It will take more than $300,000 in order to start a franchise, and if we are unable to raise that amount of capital our business plans will change dramatically. |
The Board of Directors
| Director | Occupation | Joined |
|---|---|---|
| Kristin Parker | CEO / CFO @ 3 Some Chocolates | 2019 |
| Patrick Galnville | CEO / President @ 3 Some Chocolates | 2019 |
Officers
| Officer | Title | Joined |
|---|---|---|
| Kristin Parker | CFO CEO | 2019 |
| Patrick Galnville | CEO President | 2019 |
Voting Power
| Holder | Securities Held | Voting Power |
|---|---|---|
| Kristin Parker | 500 Common Stock | 50.0% |
| Patrick Galnville | 500 Common Stock | 50.0% |
Past Equity Fundraises
| Date | Amount | Security |
|---|---|---|
| 11/2019 | $2,797 | Loan |
Outstanding Debts
| Lender | Oustanding | Interest |
|---|---|---|
| Kristin Parker | $2,798 | 0.0% |
Related Party Transactions
Use of Funds
| $50,000 | 67.5% of revenue for outsourced manufacturing for 3 Some Chocolates products and Increase of local distribution to the NYC metropolitan area; 25% for Pop up shop events for brand awareness. 7.5% for Wefunder intermediary fee.
|
| $500,000 | 25% of revenue for Equipment for efficient manufacturing machines; 37.5% for lease and security deposit for rental of a store front for sales and manufacturing; 30% for Staff, advertising and licensing. 7.5% for Wefunder intermediary fee.
|
| $1,070,000 | 35% revenue for equipment for efficient manufacturing; 47.5% for rental of a store front for sales and manufacturing; 10% Licensing, Insurance & Permits to Open our first Chocolate Cuisine. 7.5% for Wefunder intermediary fee. |
Capital Structure
| Class of Security | Securities (or Amount) Authorized |
Securities (or Amount) Outstanding |
Voting Rights |
|---|---|---|---|
| Common Stock | 1,000 | 1,000 | Yes |
The Funding Portal
3 Some Chocolates Cuisine is conducting a Regulation Crowdfunding offering via Wefunder Portal LLC. CRD Number: #283503.Form C Filing on EDGAR
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.
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1) These numbers include startups currently live on Wefunder if they pass their minimum target.
2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
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