ACFN Franchised

Growth Stage

Creating opportunities for entrepreneurs

Overview

Raised to Date: 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
unlikely
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

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: 10/06/2022
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ACFN Franchised on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $35,000,000

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