Well known ethical Kiwi oat milk and fair-trade banana brand, All Good, is seeking investors for its first ever capital raise to fuel the successful company’s international growth.
The company is aiming to raise up to $1 million to accelerate its expansion plans into Asia and the Middle East, as well as for new product development.
All Good’s success has been driven by a strong foothold in New Zealand hospitality and grocery channels, and further afield the business has already sold $1.2 million worth of product into export markets in 2023, including $800,000 to South Korea and $300,000 to Dubai.
All Good General Manager, Faye Macgregor, says the business is proud to bring this opportunity to Kiwis wanting to invest in the impact-led brand.
“All Good is poised for significant growth and innovation. Already more than 6,000 litres of All Good Oat Milk and 13,000 bunches of All Good bananas are sold every day, and we can see even more opportunity to expand here and in our export markets.”
The Kiwi owned and operated business launched 12 years ago with the country’s first fair-trade bananas. It then launched its oat milk products in 2019, helping kickstart the oat milk ‘craze’.
All Good intends to bring its oat milk manufacturing on-shore to New Zealand next year made with locally sourced Southland farmed oats.
The business has experienced solid profit over the years with strong specialty café and grocery channels established. All Good bananas and oat milk products are stocked in more than 400 supermarkets nationwide, in Foodstuffs, Woolworths, Farro and also BP Wild Bean cafes. All Good Barista oat milk is the oat milk of choice at more than 1,000 premium cafes across the country.
All Good’s capital raise has commenced via Snowball Effect with the minimum investment set at $1,000.
All Good – by the numbers
• 40 million bunches of bananas sold
• 6 million litres of oat milk sold
• 6 export markets /2,300 points of distribution
• 180 new supermarkets added in last year
• 10% gross margin increase from NZ production
• $8m in sales in last 12 months / Grown at CAGR of 71% since FY21
• 240% revenue growth FY21 to FY23
• Targeting revenue of $14m and EBITDA of $1.8m in FY25
• Forecast $16.2m revenue and $2.8m EBITDA FY26
