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Successfully funded
Blanco Nino
77%
Raised
£233,870
Investors
185
Target
£300,000
Equity
5.17%
Pre-money valuation
£5,500,000

Having established one of Europe's first authentic Tortillerias, sold over 15 million corn tortillas to date, with recurring sales in 13 countries, Blanco Niño is now taking the next step and planning to manufacture and launch their premium corn tortilla chips into supermarkets across Europe.

  • Recurring sales in 13 European countries via 24 distribution partners
  • Tortilla Chip market of £1.45bn to grow 32.65% over next 5 yrs
  • Recognised High Potential Start Up status by the Irish Government
  • £1.6m invested to date in the business establishment & mkt development
Information Blanco Nino has raised £17,670 prior to launching their campaign on Crowdcube which is represented on the progress bar for clarity. This investment is on the same terms as offered to Crowdcube investors. £17,670 will be spent during the course of the campaign.

Idea

Blanco Niño is on a mission to disrupt the European foodservice tortilla market through the creation of a premium corn tortilla category. Partners include restaurant groups like Wahaca, Casual Dining Group and The Restaurant Group.

The team now plan to manufacture and launch a premium range of authentic corn tortilla chips.

The Western European Market for tortilla chips is set to grow at 32.6% in the next 5 years, reflecting an increased desire for Mexican food. The Free From category continues to soar with growth of 37.5% to nearly €1.45bn in 2018.

It's the management's market assessment that retail tortilla chip sales are not currently growing in line with public interest in Mexican cuisine, and that this reflects a disconnect between consumer expectations and current product offerings. This represents a challenge for retailers and a market opportunity for Blanco Nino.

Blanco Niño proposition to retailers is to increase their revenue and profitability by attracting new customers into their tortilla chip category with a new premium tortilla chip offering. This offering meets the ever-increasing quality expectations of consumers. Expanding and completing the ‘good, better and best’ quality spectrum, with Blanco Niño aspiring to be the ‘best’.

Planning to launch in the summer of 2019, the team are in conversation with multiple European retailers.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Blanco Nino has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.