Details
1 | We expect future income from our trees, which will be passed on to investors per our contract. |
2 | The non-alcoholic beverage market is over $300 billion annually in the U.S.A. alone. |
3 | Companies in our space such as Hansens, Sobe, and Fuze, have been acquired by competitors such as Coca-Cola at substantial valuations |
4 | Potential of short term profits from online and retail sales at both speciality and mass retail. |
5 | Goal of being acquired by a major beverage company. |
6 | Experienced founders have started several successful businesses, including the LA Comic Con, Baby Genius, and a Ben and Jerry's Franchise. |
7 | Our plantation is environmentally responsible, investing in Teak Tea is investing in sustainability and helps reduce your carbon footprint. |
STORY
Our family has been building brands for over 20 years and we are extremely excited about Teak Tea, Inc, believing that we can build a brand that could become a major takeover target for one of the large non-alcoholic beverage companies. As the founders, we particularly like this business because it could pay out annual dividends, is protected by hard assets through teak trees, and is environmentally friendly as growing these trees reduces each investors carbon footprint.
We started our teak plantation 22 years ago, and while it will take these trees a further 8 years until they reach maturity, Teak Tea, Inc. will produce the some of the world’s finest iced teas and loose leaf teas made from our very own fresh teak leaves. Through our plantation, we are able to further protect your investment with the additional income from the mature teak trees when their harvest lumber is ready to sell in approximately 8 years.
About Teak Tea:
Our Teak Teas are superior quality blends made only from the finest leaves from our 22-year-old Santa Rosa Sustainable Teak Forestry Project, located in beautiful San Carlos, Costa Rica.
The Benefits of Teak Leaves have been known for centuries all over Asia and are now available for the first time in the U.S.
Teak leaves are the perfect ingredient for an amazing tea
Native inhabitants of regions where teak is abundant, such as Myanmar, used to make tea out of the leaves from teak trees. This may be due to the fact that teak is a member of the mint family. It was thought that teak tea could help alleviate headaches, fever and stomach pains. The leaves have also been said to have antibacterial, anti-fungal and anti-ulcer properties.
We have hired a master tea blender from the International Tea Masters Association who has just completed our first five amazing teas.
We will be creating a large e-commerce presence and through our network, aim to distribute our tea to major retailers such as Costco, Whole Foods, Trader Joes and others.
We are also going to create:
THAT IS OUR END GAME!
The non-alcoholic global beverage market is valued at over $1 trillion, and at over $300 billion in the U.S. alone. Coca-Cola owns approximately 16.7% of Monster Beverage Corporation (owner of the Hansen's brand), which it purchased in 2015 for approximately $2.15 billion. Coca-Cola also purchased the makers of Vitamin Water for $4.2 billion and FUZE beverages, a company founded by Lance Collins in his basement producing a variety of juices and teas, for $250 million dollars just seven years after its founding. Meanwhile, PepsiCo purchased the SoBe brand of fruit drinks and iced teas for about $370 million dollars.
We just returned from our plantation to pick up dry teak leaves and are also setting up a new nursery in Costa Rica. This nursery will be used to grow young teak saplings with new leaves to harvest for our teak tea. When the trees grow to a certain size, we can either transplant the trees to our plantation or we can sell the young trees to other plantations.
We believe that there is a big market for these unique teas plus you will have the added benefit of receiving the proceeds from the harvest of the wood in 8 years.
Here’s the Story of our Teak Plantation!
In 1997 we purchased 50 acres of land in Costa Rica’s prime growing area of Quesada San Carlos to grow an environmentally friendly, sustainable Teak forest. The plantation has been managed for the past 22 years by Guillermo Rugeles, who has a Bachelor’s of Science in Agricultural Engineering from Oregon State University.
That's me in Costa Rica on a bench made of our teak!
Teak has been renowned as the KING OF WOODS for centuries. It does not warp or crack and is thus the perfect wood for windows, doors, outdoor furniture, and yachts.
For every $1,000 invested we will assign the income rights to one of our teak trees to our investors. When the trees are harvested in 8 years, the investors will receive the revenue of the harvest of all of these trees.
The Costa Rican Government, recognizing the contribution that this plantation makes to the country, has granted us tax-free status on the income earned from the sale of the timber after the 30-year growing cycle. This tax exemption is passed along to our investors.
Costa Rica is also a preferred holiday destination for both American and European visitors with its beautiful beaches and lush jungle. It has the highest literacy rate in Central America and 25% of its land has been turned into National Parks.
Our plantation grew out of our love for Costa Rica and the desire to protect natural rainforests by giving loggers and lovers of teak and alternative place where they can acquire quality teak wood. We have carefully managed our plantation over the past 22 years and are now in a position to harvest our own environmentally sustainable teak tree leaves to create the world’s finest Teak Tea.
Who we are?
We are an experienced group of entrepreneurs and a family with knowledge in many different fields. Klaus Moeller is a WeFunder veteran who has not only successfully launched 2 projects on WeFunder, but also founded Genius Brands International which is now on the NASDAQ.
Hayden Moeller was a founder and still remains a large shareholder of the Los Angeles ComicCon, which had over 100,000 visitors last year. He also founded Hiero 2, Inc., a company that built a platform that allows brands and celebrities to engage with their fans 24/7 using emoji suites.
Combined we have a wide network which includes distributors, retail chains, marketers, agricultural experts, and tea masters. We are confident that we can create an amazing tea company.
Where will your investment go?
We are building up our nursery in Costa Rica to grow young Teak saplings which we will use to harvest fresh Teak leaves. We will also be building an infrastructure to safely dry the teak leaves. Your investment will also go into the development of an e-commerce platform which will include a monthly subscription service to our tea club. Furthermore, we plan to build out a large retail distribution network. Our company will continue to develop and release exciting tea blends, design eye-catching packaging, manufacture product, and extensively advertise our tea. Last but not least, we will complete our small studio for our MixIt marketing series.
SUMMARY
TEA
TEAK
TEAK TEA INC
Teak Tea has financial statements ending May 31 2019. Our cash in hand is $1,000, as of June 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.
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
Teak Tea, Inc. manufactures and distributes superior quality tea utilizing teak leaves from our environmentally sustainable plantation in Costa Rica which we have owned for 22 years.
Our aim in five years is either to be a large supplier of quality teak tea and other products to major retailers throughout the United States. We also believe we may be a buyout target for a major competitor such as AriZona Iced Tea or Lipton.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Milestones
Teak Tea, Inc. was incorporated in the State of Nevada in April 2019.
Since then, we have:
Historical Results of Operations
Our company was organized in April 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.
Liquidity & Capital Resources
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 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 3 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
Teak Tea, Inc. cash in hand is $1,000, as of June 2019. 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.
There have been no material changes or trends in our finances or operations since the date our financials cover.
We are able to self-fund any shortfall of funds over the next 3-12 months, as the company needs at least $50,000 in order to get off the ground. We expect expenses to increase with the development of our e-commerce platform and a small studio for MixIt. We expect expenses not to exceed $15,000 per month for the first 3 months. They would include salary, rent, and G&A. We do not expect any revenues within the next 3-6 months.
1 | Political Risks. Although Costa Rica is nicknamed the Switzerland of Central America and has had a long term stable democratic government, political risks can not be excluded. |
2 | Tea Demand. Although the worldwide market for tea is large and Tea is the second most popular drink in the world after water, there is no guarantee that it will stay such a popular drink. |
3 | Climate change may affect teak growth times. Increasing temperatures could cause our teak trees to grow slower than current estimates. |
4 | World Economy changes can affect the price of teak wood. Teak wood is used for a variety of products from decking to garden furniture. One of the biggest markets for teak wood is India where it is used for windows and doors. |
5 | Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business. |
6 | Costa Rica and the U.S. have a great relationship with the U.S.A. being Costa Rica's biggest trading partner. However, changes in US Politics may affect our costs, such as increased tariffs from Costa Rica to the United States. |
7 | Reliance of Management. Our companies management staff will be making decisions that involve the money you have invested and you will need to rely on the experience of our management team. |
8 | No Tax Advice. We cannot offer you formal tax advice about your investment and how it will affect your taxes. If you take a trip to Costa Rica we cannot formally advise you if you can write the cost off as a business expenditure. |
9 |
No past financials. Being a new company we have no past financials. We have self funded the teak plantation for the past 22 years and will continue to do so. |
10 | Klaus Moeller is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case. |
11 | Mishelle Moeller is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case. |
Director | Occupation | Joined |
---|---|---|
Hayden Moelller | President @ Teak Tea, Inc. | 2019 |
Klaus Moeller | Founder @ Self-Employeed | 2019 |
Officer | Title | Joined |
---|---|---|
Hayden Moelller | President | 2019 |
Klaus Moeller | Treasurer | 2019 |
Mishelle Moeller | Secretary | 2019 |
Holder | Securities Held | Voting Power |
---|---|---|
Hayden Moeller | 1,000,000 Common Stock | 50.0% |
White Cross Ventures, LTD | 1,000,000 Common Stock | 50.0% |
Date | Amount | Security |
---|---|---|
$0 | Priced Round |
$50,000 | 4% goes towards Wefunder fees, 40% towards buying teak trees, greenhouses, growing new trees in order to have a sustainable source of young leaves, and other operations in Costa Rica. 20% salaries, wages. 10% for office cost, GNA, legal fees, and accounting. The rest (26%) towards marketing and product development.
|
$1,000,000 | 4% goes towards Wefunder fees, 40% towards buying teak trees, greenhouses, growing new trees in order to have a sustainable source of young leaves, and other operations in Costa Rica. 10% salaries, wages. 10% for office cost, GNA, legal fees, and accounting. The rest (36%) towards marketing and product development. |
Class of Security | Securities (or Amount) Authorized |
Securities (or Amount) Outstanding |
Voting Rights |
---|---|---|---|
Preferred Stock | 2,000,000 | 0 | No |
Common Stock | 10,000,000 | 2,000,000 | Yes |
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.
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