ACFN Franchised

ACFN Franchised

Growth Stage

Creating opportunities for entrepreneurs

Creating opportunities for entrepreneurs

Overview

Raised to Date: Raised: $276,681

Total Commitments ($USD)

Platform

Republic

Start Date

10/05/2022

Close Date

03/21/2023

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$28,000,000

Valuation Cap

$35,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,657

# of Investors

291

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2002

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

San Jose, California

Business Type

Growth

ACFN Franchised, with a valuation of $35 million, is raising funds on Republic. The company offers prospective entrepreneurs a unique, low-cost, low-risk, and high-reward franchise opportunity. The business excels in corporate relationship building and excellence and works on a proven recurring revenue model. ACFN Franchised provides services to 2,700 businesses in 46 states with its network of 220 franchise owners. Jeffrey D. Kerr and Avi Blankroth founded ACFN Franchised in October 2002. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for acquisitions to expand corporate relationships, increase the size of the franchise network, and increase transaction volume.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$12,703,113

$9,106,113

COGS

$10,714,394

$7,393,088

Tax

$800

$2,790

 

 

Net Income

$613,345

$-1,212,513

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,153,502

$563,996

Accounts Receivable

$23,618

$52,271

Total Assets

$1,734,858

$1,373,843

Short-Term Debt

$1,710,489

$1,662,493

Long-Term Debt

$1,006,315

$1,091,131

Total Liabilities

$2,716,804

$2,753,624

Financials as of: 10/05/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
ACFN Franchised on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $35,000,000

Follow company

Follow ACFN Franchised on Republic 2022

Buy ACFN Franchised's Deal Report

Warning: according to the close date for this deal, ACFN Franchised may no longer be accepting investments.

ACFN Franchised Deal Report

Get KingsCrowd’s comprehensive report on ACFN Franchised including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether ACFN Franchised is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the ACFN Franchised deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge