Righteous Gelato Co
Get capital to expand your business
Righteous Gelato Co’s expedited growth meant we had to find a capital partner that would appreciate our history and respect our commitment to doing business differently. BDC gave us exactly what we needed.
About the company
The company prides itself on using quality ingredients and craftsmanship. It now has an expanded retail and manufacturing location.
Location: Calgary, Alberta Industry: Food and beverageEntrepreneur challenge
The company required an initial tranche of funds to build inventory and hire additional labour to stock more than 300 stores. Additional financing was needed for marketing efforts, as well as for manufacturing equipment to establish a new production line.
BDC Solution
BDC’s Growth & Transition Capital experts offered a customized solution to fund expansion. BDC provided quasi-equity financing, which is ideal for businesses that are reinvesting profits in their growth and are forecasting to generate strong cash flow in the near term.
Proven Results
- Well positioned to increase its production levels to build inventory
- Will set up an additional production line to increase capacity
- On track to double its revenues and capacity
60% to 80% increase in capacity
150% to 180% sales increase
Tell us about your project
Get customized financing to accelerate your business’ growth.