Photo - Ice Giant Ice-Cream Oy/Spiriticed
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Ice Giant Ice-Cream Oy/Spiriticed

Alcohol Ice-cream

Finland
Market: Food industry
Stage of the project: Operating business

Date of last change: 04.01.2022
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Idea

Alcohol ice-cream with various flavors made from fresh ingredients

Current Status

About 200 stores in Finland, started selling to grocery stores in summer of 2021.
Revenue approx 100 000€ in 2021. Growing numbers of stores in Finland

Market

Growing global market. Product can be sold in stores, restaurants and for example in hotels. Ice-cream market is growing rapidly all over the world and our first export country being Russia which is the biggest single ice-cream consuming country.

Problem or Opportunity

More people are looking for new ways to consume alcohol than traditional "bottle up." Ice Giant provides a good alternative for it. The taste is good, so the customers will come back to the product, just to spend their Saturday afternoon watching movies and eating ice-cream.

Solution (product or service)

Ice-cream with various flavors and from fresh ingredients. Alcohol levels from 4,7% to 5,4% and also holding recipes for ice-cream holding over 10% alcohol and can be stored in a normal freezer.

Competitors

There is few small sized ice-cream companies that can provide similar ice-creams, but their recipes are currently a little behind as how they can keep ice-cream frozen when it has our levels of alcohol.

Advantages or differentiators

Recipes are fairly unique.
The brand is gone through various market researches to appeal to customer
Fresh ingredients which is rare in these days
Recipes can be modified for different countries
Experience in ice-cream industry

Finance

Product profit from 1 cup in exports is approx 0,7€.
Our projected sales in Russia in 2024 is 1,7 million € in profit.
With India and USA included, the revenue projection is approx 3 million €
Revenue projection on 2024 is 11 million €

Business model

We currently use a manufacturer to produce our ice-cream.
Importer handles logistics and sales, Ice Giant handles only marketing.

Money will be spent on

Money will be spent on making the ice-cream, delivering it to Russia ready to be sold.
We make a brand reneval as our marketing material will be produced for Spiriticed and also website.
Marketing is a crucial part of the program, so for end customers and also store buyers.
We have pending invitations to exhibitions where is major potential customers present.
Money can be also used in starting another country exports if rational in the time being

Offer for investor

We offer a partnership in position, will be available for summary at all given times. Will offer shares up to 33% for the right investor. We offer a scalable and growing company with potential to go global. We have very good working relations to Finnish Government sales team promoting us all over the world

Team or Management

Risks

World tensions as if there is a blockade in goods
Competitor developing better recipes, although our recipes are refined all the time.
People not finding the product, marketing is too low

Incubation/Acceleration programs accomplishment

Joined a Finnish incubator called Kasvu Open which gave us info about different markets and brand help

Invention/Patent

We got 2 rights for brand and logos

Photos

Photo 1 - Alcohol Ice-cream
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video