McYoung Foods, LLC | Application Preview
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General Information
Business Registration Number: 47-1958492
Location: Indianapolis, IN, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Purchase Granola Bar Production Equipment - $300,000 Purchase Granola Bag Production Equipment to make 8-20 oz granola bags - $275,000 Pay off existing Forum Credit Union Loan Equipment Loan - $178,000 Pay off existing Forum Credit Union Line of Credit - $50,000 Pay off past due mechanical and electrical work - $15,900 Hire 4 full-time employees including benefits - $225,000
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Business Plan
We have reached an agreement to supply Meijer Grocery Stores with our gluten free, nut free, allergen free, Kosher granola. Meijer operates 260 grocery stores in the Midwest.They want our product in a 12 oz bag of each of our four flavors (original, chocolate, raisin/cranberry, cinnamon). We do not have bag production equipment. We are in discussions with United and Delta Airline brokers to supply our granola (original flavor) in bite size bars for use as an alternaive allergen free options to passengers. We do not have bar production equipment. We are in final stages of providing our raisin/cranberry granola to Hilton and Best Western Hotels for use on their breakfast cereal and parfait counter. If we had a bag and a bar machine, potential revenue could exceed $2 million annually, Let me start with some statistics. The non-profit Food Allergy Research Education Organization reports there are 85 million Americans with food intolerances or food allergies. That includes 1 in 13 children. In addition there are 30 million with diabetes and another 67 million with hypertension. Such conditions as Celiac Diasease. Inflammatory Bowel Disease, Crohn's Disease, Gluten intolerance, nut allergies, etc. are among these conditions. That amounts to approximately 1 in 4 Americans who are seeking healthy snack options. Our product, Awesome Granola, is nut free, allergen free, gluten free, Kosher and free of the 14 allergens are recognized by the FDA. We are the ONLY company that makes allergen free, nut free, gluten free granola in a nut free facility. Our company is located in Indianapolis, and we use only allergen free USA ingredients. Awesome Granola is made entirely from scratch. The product is Smart Snack Compliant meeting all the federal guidelines for K-12 schools. The product is low in sodium with only 15 mg per 35 gram serving. It is low in sugar with just 1 gram per 35 gram serving. It is made with grapeseed oil which has anti-oxidant and anti-inflammatory properties. No palm oil is used in the production of Awesome Granola. These 85 million Americans, those with diabetes and hypertension plus those people seeking a healthy snack option have such in Awesome Granola. McYoung Foods is the ONLY firm that uses an outside organization to validate nutritional information. We utilize the University of Nebraska Food and Allergey Department to verify our nutritional information.
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Self Identified Competition
Kind (owned by Mars) - contains nuts and sugar - not allergen free Nestle - contains wheat, sugar,molasses, sunflower oil - not allergen free Quaker Oats - contains wheat, dry milk and coconut - not allergen free I don't mean to belabor the point. However, it does bear repeating. We are different and have a total focus on healthy snacks.As a pharmacist for over 50 years, I have a background in healthcare, with a focus on diabetes and cardiovascular diseases. My sister died from diabetes complications. My business partner's wife has Celiac Disease. We care about providing the best possible allergen free granola on the market today, Let me start with some statistics. The non-profit Food Allergy Research Education Organization reports there are 85 million Americans with food intolerances or food allergies. That includes 1 in 13 children. In addition, there are 30 million with diabetes and another 67 million with hypertension. Such conditions as Celiac Disease. Inflammatory Bowel Disease, Crohn's Disease, Gluten intolerance, nut allergies, etc. are among these conditions. That amounts to approximately 1 in 4 Americans who are seeking healthy snack options. Our product, Awesome Granola, is nut free, allergen free, gluten free, Kosher and free of the 14 allergens are recognized by the FDA. We are the ONLY company that makes allergen free, nut free, gluten free granola in a nut free facility. Our company is located in Indianapolis, and we use only allergen free USA ingredients. Awesome Granola is made entirely from scratch. The product is Smart Snack Compliant meeting all the federal guidelines for K-12 schools. The product is low in sodium with only 15 mg per 35 gram serving. It is low in sugar with just 1 gram per 35 gram serving. It is made with grapeseed oil which has antioxidant and anti-inflammatory properties. No palm oil is used in the production of Awesome Granola. These 85 million Americans, those with diabetes and hypertension plus those people seeking a healthy snack option have such in Awesome Granola. McYoung Foods is the ONLY firm that uses an outside organization to validate nutritional information. We utilize the University of Nebraska Food and Allergey Department to verify our nutritional information.
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Contact Applicant
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