3 Some Chocolates Cuisine

3 Flavors in 1 Made for Everyone!

Last Funded December 2020

$306,209

raised from 580 investors

Investment Terms

Financials

We have 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

Sep 24 – Nov 30, 2019
$0
Revenue
-$2,613
Net Loss
$0
Short-Term Debt
$2,797
Raised in 2019
$635
Cash on Hand
Net Margin:
0%
Gross Margin:
0%
Return on Assets:
-381%
Earnings per Share:
-$2.61
Revenue per Employee:
$0
Cash to Assets:
100%
Revenue to Receivables:
~
Debt Ratio:
0%
3 Some Chocolates Financial Statements- Reviewed.pdf 3 Some Chocolates Financials 2019.pdf

Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

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.

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.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

3 Some Chocolates Cuisine, Inc was incorporated in the State of Delaware in September 2019.

Since then, we have:

  • Increase of 90% in sales from Q3 2018 to Q3 2019.
  • Numerous 5-star ratings. Over 40,000 customers and growing.
  • Featured on Fox 5 News, CBS, Good Morning America, Good Day New York & NBC.
  • Participated in 20+ chocolate shows every year since our founding. We're always out in the field!
  • 3 Some Chocolates and our Jerk Chocolate recipe are trademarked with the United States Patent & Trademark Office making us exclusive.
  • The above bullets refer to 3 Some Chocolates LLC. Investors would be investing in 3 Some Chocolates Cuisine, Inc. (no operating history).

Historical Results of Operations

Our company was organized in September 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.

  • Revenues & Gross Margin. For the period ended December 31, 2019, the Company had revenues of $0.
  • Assets. As of December 31, 2019, the Company had total assets of $685, including $685 in cash.
  • Net Loss. The Company has had net losses of $2,613 for 2019.
  • Liabilities. The Company's liabilties totaled $2,798 for 2019.

Related Party Transaction

Refer to Question 26 of this Form C for disclosure of all related party transactions.

Liquidity & Capital Resources


After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 18 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

3 Some Chocolates Cuisine, Inc cash in hand is $635, as of March 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 12 months.

We are a brand new corporation and we have no overhead as of yet. At 3 Some Chocolates we operate with minimal overhead and plan to continue that trend while opening a location to mass produce our product. 

We plan to start off with revenue generating projects such as manufacturing and distribution to retail sores across the country. Once our product gains traction and sales increase we will then focus on building the franchise location and subsequent locations. 

We hope to open our brick and mortar store in January of 2021. We estimate the expenses for opening to be a total of $350,000. After opening, or goal is to generate $1,500,000 in revenue, although this cannot be guaranteed. Prior to opening, our goal is to generate revenues through product distribution to retail stores.

We predict expenses will increase moderately after the conclusion of this Offering from licensing fees and executing marketing events.

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.


Other Disclosures

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 and CEO 2019
Patrick Galnville CEO and President 2019

Voting Power

Holder Securities Held Power
Kristin Parker 500 Common Stock 50.0%
Patrick Galnville 500 Common Stock 50.0%

Past Fundraises

Date Security Amount
12/2020 SAFE $306,209
11/2019 Loan $2,797

Outstanding Debts

Issued Lender Outstanding
11/30/19 Kristin Parker
$2,797

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
Common Stock 1,000 1,000

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Details