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Sweetberry isn't accepting new investments

Sweetberry’s deadline was March 7, 2020

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Sweetberry

Superfood made with good vibes
B2C Drinks Diverse Founders
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Featured image of Sweetberry
$262,421
Raised
1,012
Investors
Successfully funded and closed on March 7, 2020.
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Pitch Updates 17 Reviews 335
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Closed on March 7, 2020. Information may not be up-to-date. Campaign closed on March 7, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Sweetberry Holdings LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sweetberry Crowd SAFE SweetBerry Form C:A 4.23.2020.pdf Sweetberry Form C.pdf
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Hear from some of the 1,012 investors in Sweetberry


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • 19 restaurants nationwide; on track to expand to 30 locations by 2020
  • Offers acai bowls, poke bowls, wraps, salads, smoothies & vegan ice cream
  • $2M+ in revenue in 2018, on pace to finish 2019 with over $4M earned
  • $1,045,000 raised from prior investors
  • 1,500+ inquiries to own franchises
  • Founder has successfully built and exited another restaurant chain
  • In 2017, Forbes ranked Acai the 5th most popular food trend

Problem


‘Healthy’ fast food just doesn’t cut it

There has been a rapid explosion of “healthy food” concepts and food innovations such as “vegan meat.” Americans are more health-conscious and are exploring healthier options and plant-based diets. Fast Food chains have taken notice and are now offering more "healthy options." As processed foods are marketed as “organic,” or “vegan,” and marked up at higher prices, it makes you wonder what you are actually eating. Consumers also want the ability to customize their food according to their preferences and diets giving them a better experience.

Solution


Superfood made with good vibes

Sweetberry is a healthy fast-casual concept that specializes in Acai Bowls, Poke Bowls, Smoothies, Wraps, Salads, Vegan Ice Cream & Good Vibes. Sweetberry was founded in 2017 with the vision of bringing fresh, healthy food and good vibes to local communities. Our mission is to inspire people to be more mindful of what they eat every day. Our products are made from premium fresh ingredients made to order and handcrafted in front of the customer.  We are also leveraging our reach to build a platform for educating customers about health and wellness.

Product


Diverse & custom product mix 


What started off as just an Acai Bowl & Smoothie restaurant transitioned into a full healthy fast-casual concept. As customers requested more options, we added salads, wraps, vegan ice cream, and Poke Bowls to our product offerings. In 2017, Forbes ranked acai as the 5 most popular food trend. The demand for Poke has been continually increasing across our customer base as we continue to educate people about these new products. Acai Bowls, Salads, Vegan Ice Cream & Poke Bowls can be customized as customers choose their bases and toppings. A majority of sales are "build your own bowl" where customers select their ingredients, similar to Chipotle. We are not just a food and restaurant brand, but also a platform to deliver our "made with good vibes" mantra. 

Traction


19 restaurants in 2 years

With the support of our friends, family, customers, & the local communities, Sweetberry has quickly built a national brand with 19 units across 6 states in just 2 years. By the end of 2019, we plan to have 20 locations opened across 7 states. We’ve received over 1,500 franchise inquiries across the US. We’ve projected that 2019 will bring in $4M+ of revenue, almost double that of 2018 across 13 Corporate Stores. As of Oct 30, 2019 systemwide sales (corporate + franchise sales) are approximately $4.7M and we are projecting $5.5M+ by end of 2019.

.

Customers


What our customers are saying

We have built a strong following across our customer base which heavily consists of millenials and we engage with our communities actively via social media. Our customers love taking pictures of themselves in our restaurants with our products and posting them on social media. We take our online reviews very seriously as we use feedback from customers to continually improve. Our customers love that we offer quick customer support through phone, live chat, text messaging, social media, and email as our business is fully omnichannel. We hold ourselves accountable to our brand standards and making sure the customer is always happy.


Business model


Building a national franchise

Out of our portfolio of 19 restaurants, 13 are owned by Corporate and 6 are franchise units. We have 1 more franchise unit scheduled for opening November 2019 in PA. In addition to revenue from our Corporate Stores, we also generate revenue from our franchise stores. The franchise fee is $35K for a territory, along with a $122k - $290k investment. Franchisees pay a 6% royalty on gross sales back to the Corporate Company. The business plan moving forward is to continue expanding nationally along the East Coast via franchise units. To date, we have received over 1500 franchise inquiries and we are awarding franchise territories to only the most qualified franchisees that believe in our mission.


Market


Healthy fast casual: $66 billion dollar industry

Fast-Casual: a cross between fast food and casual sit-down restaurant dining has grown to become a multi-billion dollar market over the past few years. QSR Magazine reports it is the "fastest-growing foodservice segment worldwide" and is expected to top $66B by 2020 according to research firm Technavio. Millennials are drawn to concepts that are quick, inexpensive, and healthy. The rise of the acai bowl & poke bowl categories combined with rapid growth in the healthy fast-casual industry creates an extraordinary opportunity for an emerging concept like Sweetberry.

Competition


Making fast-casual healthy, local, fresh and made to order

The landscape of healthy fast-casual is growing rapidly, creating niche categories that are still in the beginning stages. With the rise of "Acai Bowl" and "Poke Bowl" concepts, we decided to make those products a part of our offering, coupled with time tested staples such as smoothies, wraps, and salads. We will continue to offer new and innovative food in the future, and we understand that certain products may "trend." Because our product mix is so diverse, we do not fall into a specific category and we brand ourselves as a full "healthy fast-casual" restaurant. 

Vision and strategy


A global franchise chain

Sweetberry Bowls is looking for $1M for an equity transaction to continue growth. The capital will be used to recruit top talent and key hires, fund existing corporate build-outs and outstanding payables, and fuel franchise growth and development. Sweetberry expansion calls for national expansion via franchise sales. Our goal is to also expand internationally in the future as we have already received inquiries from Canada and the Middle East. With 19 stores already open in 2 years, we believe that Sweetberry can be a global chain with hundreds of units in the future.

Funding


$1,045,000 raised to date

Sweetberry Bowls has raised over $1,045,000 to date from investors.


Founders


Desi Saran

Founder & CEO

Seasoned restaurateur, visionary, and world traveler. Desi is Rutgers Alumni and a Brazilian Jiu-Jitsu brown belt with a passion for building companies and spreading health and wellness. He created Sweetberry as a platform to deliver the "give good vibes" mantra across the world. 

Deal terms


Valuation cap

$9,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Sweetberry occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Sweetberry is accepting.
Learn more

Funding goal

$1.07M

Sweetberry must achieve its minimum goal of $100K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Sweetberry needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Sweetberry Holdings LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sweetberry Crowd SAFE SweetBerry Form C:A 4.23.2020.pdf Sweetberry Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Sweetberry.
Invest
$100
Receive
  • Digital Thank You from our Team.
Invest
$250
Receive
  • Listed as an Early Investor on company website (Ability to opt-out if desired) + Digital Thank You from our Team
Invest
$500
Receive
  • Receive a $50 digital loyalty credit that can be redeemed in any store or gifted to anyone + Listed as an Early Investor on company website (Ability to opt-out if desired) + Digital Thank You from our Team
Invest
$1,000
Receive
  • Receive a $100 digital loyalty credit that can be redeemed in any store or gifted to anyone + Listed as an Early Investor on company website (Ability to opt-out if desired) + Digital Thank You from our Team
Invest
$2,500
Receive
  • Receive a $250 digital loyalty credit that can be redeemed in any store or gifted to anyone + Listed as an Early Investor on company website (Ability to opt-out if desired) + Digital Thank You from our Team
Invest
$5,000
Receive
  • Receive a $500 digital loyalty credit that can be redeemed in any store or gifted to anyone + Listed as an Early Investor on company website (Ability to opt-out if desired) + Digital Thank You from our Team
Invest
$10,000
Receive
  • Receive a $1,000 digital loyalty credit that can be redeemed in any store or gifted to anyone + Listed as an Early Investor on company website (Ability to opt-out if desired) + Digital Thank You from our Team

Why others invested

See all reviews (0) See all (0)

Love the timing and idea of these products and I believe the franchise model will be very successful in time. Get this on the west coast ASAP ... in California & Oregon & Washington, Today and really watch it explode!!!

Profile picture of joe benza
joe benza
Active investor
over 5 years ago

This is absolutely somewhere I would choose to eat if it were available where I live, and that alone is enough to make investing worthwhile. Your rapid growth is proof that I'm not alone, and it's also reassuring to see as an investor.

Profile picture of Nick Dunn
Nick Dunn
Active investor
over 5 years ago

With today's focus on healthy eating & lifestyles, I see this as a wonderful addition to the growing, "don't want to cook-too busy", world we live in.

Profile picture of Cynthia Luth
Cynthia Luth
Active investor
over 5 years ago

About Sweetberry

Legal Name
Sweetberry Holdings LLC
Founded
Sep 2017
Form
New Jersey LLC
Employees
5
Website
sweetberrybowls.com
Social Media
Headquarters
Google Map location of of Sweetberry
3 Lydia Drive , West New York, NJ
Headquarters
3 Lydia Drive, West New York, NJ, United States 07093

Sweetberry Team
Everyone helping build Sweetberry, not limited to employees

Profile picture of Desi Saran
Desi Saran
Founder & CEO
Featured in Superheroes · Read
Restauranteur, Visionary, & Jiu-Jitsu Brown Belt. Desi has a passion for building companies and spreading health and wellness. Rutgers MBA Finance 2014
Profile picture of Ryan Quiros
Ryan Quiros
CFO
Ryan joined the team coming off his last stint as the Controller of a larger manufacturing company. When he is not crunching numbers, he is hiking the great outdoors. Rutgers University BA 2010
Profile picture of Sean Azari
Sean Azari
VP Marketing
Entrepreneur, Creative Ad Agency Founder. Sean is a social media expert and is the creative genius behind the brand. Rutgers BA Math & Stats 2009
Profile picture of Ian  Bullard
Ian Bullard
Director of Operations
Restauranteur with a penchant for optimization & tech. Rutgers Business 2017 BS in Marketing
Profile picture of Anthony  Spagnola
Anthony Spagnola
VP, Franchising
Sales guru for in-house franchise development. He has become known amongst his peers as The Franchise Guy. When he's not at home cooking or out with friends, he will be bringing Sweetberry Bowls to a town near you
Profile picture of Matthew  Skopak
Matthew Skopak
Lead Investor
Matthew is an adventure and fitness addict with a passion for entrepreneurship. Rutgers MBA 2020 Finance & Entrepreneurship
3 more team members
Desi Saran
Founder & CEO
Ryan Quiros
CFO
Sean Azari
VP Marketing
Ian Bullard
Director of Operations
Anthony Spagnola
VP, Franchising
Matthew Skopak
Lead Investor

Press

Young CEO Talks Franchising His Healthy Food Chain Sweetb...
Bold Bold
·
Feb 20, 2020

Sweetberry Acai Bowls Founder Desi Saran talks about the growing popularity of the health food industry and how he starte...

The 40/40 List for 2020: America's Hottest Startup Fast C...
QSR magazine QSR magazine
·
Feb 3, 2020

We can see it clearly: These 40 brands have a great shot at defining the next generation of fast-casual success.

Head of Fast-Growing Restaurant Chain Lives the Sweet Lif...
Sweetberrybowls
·
Jan 27, 2020

The winding path that Desi Saran LC’07, RBS’15 traveled before launching Sweetberry Bowls a fast-casual restaurant chain ...

Delivery helps fuel sales at Sweetberry Bowls
Franchisetimes
·
Jan 22, 2020

Sweetberry Bowls, a counter-service concept with açaí bowls, smoothies, salads, poké bowls and wraps, was the first resta...

Sweetberry Bowls is Exploding Out of the Gates
QSR magazine QSR magazine
·
Dec 5, 2019

Sweetberry Bowls is a decidedly youthful brand.The 19-unit healthy fast casual sports a hashtagged mission statement (#ma...

Behind the Scenes on Ghost Kitchen Economics | Food On De...
Food On Demand Food On Demand
·
Nov 14, 2019

On the third day of the Restaurant Finance & Development Conference, execs from Kitchen United, Sweetberry Bowls and Dog ...

Going Behind the Scenes on Ghost Kitchen Economics
Franchisetimes Franchisetimes
·
Nov 13, 2019

On the third day of the Restaurant Finance & Development Conference in Las Vegas, execs from Kitchen United, Sweetberry B...

Integrating delivery services: a disruption that can't be...
www.qsrweb.com www.qsrweb.com
·
Nov 1, 2019

For many restaurants, delivery sales are the fastest growing part of the business. Some go as far as calling it an indust...

In Delivery, Sweetberry Bowls Tries All of the Above | Fo...
Food On Demand Food On Demand
·
Jun 12, 2019

With all the upheaval in the restaurant industry, the CEO of Sweetberry Bowls is having fun as a former tech guy who says...

Sweetberry Bowls Opens Second Jersey City Location | Jers...
Jersey Digs Jersey Digs
·
Apr 2, 2019

A chain that was founded just two years ago and already has more than a dozen locations has opened a second outpost in Je...

Tropical Vibes in Jersey City: A Visit to Sweetberry Bowl...
Hoboken Girl Hoboken Girl
·
Dec 6, 2018

We know what you're thinking - another acai shop? But yes, the battle of açai bowls continues, and even though they all c...

Sweetberry Bowls Opens Its Newest Location ⋆ Jersey Bites
Jersey Bites Jersey Bites
·
Jun 15, 2018

How Sweetberry It Is Continuing its expansion on Saturday, June 16, the latest location of Sweetberry Bowls calls Jersey ...

Sweetberry Bowls Coming to Little Falls - Boozy Burbs
Boozy Burbs Boozy Burbs
·
Mar 28, 2018

https://www.instagram.com/p/BgUy-mQHiF6/ Sweetberry Bowls, the chain of acai bowls and smoothies now in Glen Rock (also M...

Young Ones to Watch: Desi Saran, Founder and CEO of Sweet...
1851franchise 1851franchise

Get salads and more at Princess Anne's new Sweetberry Bow...
Hoodline Hoodline

A new spot to score salads, wraps and açai bowls has made its debut in the neighborhood. Called Sweetberry Bowls, the new...

Show all
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Sweetberry

Sweetberry successfully raised $262,421 from 1012 investors on March 7, 2020
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Robert, Samuel, Tom, Paula, Bert, and 1007 others invested. 335 Reviews
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