AllIDoIsCook

AllIDoIsCook

Early Stage

Exposing the world to Africa's delicious flavors through quality food products

Exposing the world to Africa's delicious flavors through quality food products

Overview

Raised this Round: Raised: $161,327

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/05/2022

Close Date

10/16/2022

Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$800.00

Pre-Money Valuation

$8,000,000

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Houston, Texas

Business Type

Growth

AllIDoIsCook, with a valuation of $8 million, is raising funds on Wefunder. The business makes and delivers high-quality food with authentic African flavor. The company aims to make African food accessible ad provide a range of top-quality, affordable, and ready-to-eat African food products. AllIDoIsCook has cooked and delivered 26,000 meals since 2019 and generated $1.5 million in revenue. The business sells through its website and grocery stores and has products listed in Phonecia Specialty Foods in Houston, Texas. Tobi Smith and Bethany Oyefeso founded AllIDoIsCook in January 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for production, branding, marketing, distribution, and operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$573,200

$407,058

COGS

$301,508

$198,780

Tax

$0

$0

 

 

Net Income

$897

$19,581

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,709

$5,851

Accounts Receivable

$-1,305

$0

Total Assets

$78,885

$14,238

Short-Term Debt

$104,043

$24,500

Long-Term Debt

$0

$0

Total Liabilities

$104,043

$24,500

Financials as of: 05/05/2022
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AllIDoIsCook on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,000,000
Price per Share: $800.00

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