Ben Bailey shares the revenue trajectory of his direct-to-consumer and retail vegan chocolate business with Marc Lore and Guy Raz.
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“We did 400,000 dollars the first year we opened. And then 750,000 last year. And this year we're set to do a million dollars and 70% of that's coming from e-commerce, so.”
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More from Ben Bailey
Disclosure
Ben Bailey invested $700,000 of his personal funds into Chomp Chocolate
“So I put 700,000 dollars in is everything I had and that got us open.”
Ben BaileyDec 26, 2024▶ 9:55Advice Line with Serial Entrepreneur Marc Lore
Disclosure
Chomp Chocolate rejected 2,000 retail stores due to cash flow constraints
“We've also had to say no to like a lot of big stores like over 2000 stores in the last year, because, you know, I can't, I have the factory and the production equipment, and technically we could produce more chocolate, but funding another crew and then the pur…”
Ben BaileyDec 26, 2024▶ 14:20Advice Line with Serial Entrepreneur Marc Lore
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