CB Food Company, Inc. | Application Preview
CB Food Company, Inc. is seeking government grants to support their mission of producing sustainable food products while minimizing equity loss. The company aims to expand its distribution from 1,600 grocery stores to a broader market and introduce new plant-based products that emphasize deliciousness and healthiness.
The company highlights critical issues in the U.S. food system, such as reliance on animal agriculture, which contributes significantly to greenhouse gas emissions, and the obesity epidemic linked to high meat and dairy consumption. CB Food's offerings stand out because they are minimally processed, low in saturated fat, and contain whole food ingredients, setting them apart from competitors.
While competitors like Amy's and Sweet Earth Foods include dairy in many products and Alpha Foods struggles with nutritional quality, CB Food Company takes pride in being 100% vegan and gluten-free. Their products mainly consist of beans, vegetables, whole grains, and spices, with most having zero saturated fat, reinforcing their competitive advantage in the market.
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General Information
Business Registration Number: 83-0786105
Location: Chicago, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
We would like to raise grants in order to fund the business without giving up considerable equity. We are focused on creating sustainable food products that are better for humans than many of the food alternatives currently available in the frozen food aisle of our grocery stores.
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Business Plan
We would like to expand the distribution of our current product to many more grocery stores. Currently it is available in about 1,600 of the 30,000 retail grocery outlets in the US. We also intend to introduce additional product lines with the same general theme of creating delicious, healthy plant-based foods from whole food ingredients. The US has developed several major problems in its food system and we believe Cool Beans is creating food alternatives that solve all of these problems. First, the US is over reliant on animal agriculture which contributes 19% of all greenhouse gases in the US and we need to reduce our consumption of animal products. Second, the obesity epidemic is causing the huge spike in heart disease, diabetes, cancer, etc and a bit part of that obesity is caused by the large consumption of meat and dairy products in the US. Third, unlike most other plant-based food products, our products are minimally processed and have little to no saturated fat. We pride ourselves on creating products that are not only delicious but also highly nutritious.
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Self Identified Competition
Amy's (however they have real dairy products in many of their products) Sweet Earth Foods (also has dairy in many of their products) Alpha Foods (vegan but very bad nutritional profiles) We are the only company that is 100% vegan, uses gluten free ingredients and is made from whole food ingredients. Our products contain just beans, vegetables, whole grains and spices. All of our competitors have 10% to 30% saturated fat in their product and 4 of our 5 SKUs have zero saturated fat and one SKU has 8% saturated fat from coconut milk.
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Contact Applicant
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