ACFN Franchised
Growth Stage
Creating opportunities for entrepreneurs
Overview
Raised: $225,465
Total Commitments ($USD)
Platform
Republic
Start Date
10/06/2022
Close Date
04/20/2023
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$35,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
77
% of Min. Goal
902%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$1,895
# of Investors
205
Momentum
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Location
San Jose, California
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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: 10/06/2022
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