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220%
Raised
£220,440
Investors
302
Target
£100,000
Equity
21.60%
Pre-money valuation
£800,000

I Love Snacks, is a healthy snack brand selling deliciously tasty snacks. Since inception in Feb 2016, the business has achieved a turnover of £132,000. The company supplies for the travel catering sector and over 150 retail stockists through distributors.

  • Global consumers spent $374 billions on snacks between 2013 and 2014
  • Currently available on board flights in Austria, Switzerland, and UK
  • Funds will be used to expand the current team of two
  • I Love Snacks focus is on health, taste and quality.
Information The company had £150,000 of its SEIS allowance remaining at the start of this raise. This will be allocated to investors on a first come first served basis. Any investments made after that limit has been exceeded will not be SEIS eligible but will potentially be eligible for EIS. The potential tax relief of any investment will be confirmed by email to investors, after they have submitted their applications to invest, and will depend on an investor's individual circumstances.

Idea

Our story so far

I Love Snacks is a healthy snack brand selling traditional products that are naturally healthy and are of the highest taste and quality.

Global consumers spent $374 billion on snack foods annually between 2013 and 2014, a year-over-year increase of 2%, according to a global report released by Nielsen.

We sell our snacks which include Natural Italian Olives, Mango, Baby Pineapple, Smoked Almonds and 70% Cocoa Belgian Chocolate in convenient portion control sizes to help people maintain a healthy balanced diet. Further products will include Melon and Rice Chips.

Our current routes to market cover travel catering, health food stores and speciality foods. We’ve expanded our online stockists, allowing customers to purchase our products on Amazon, Earth Miles and the Food Market.As well as snack subscription boxes including Healthy Nibbles, Primal Snack Box, Office Drop, Tout Mange and Foodist in Germany.

In travel catering our range of snacks have been well received by En Route International and they are actively supplying products to airlines flying from Austria, the UK and Switzerland.

Since launching in retail in February 2017, we have sold over 30,000 snacks with over 150 stockists.

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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.

I Love Snacks 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.