AllIDoIsCook
Early Stage
Exposing the world to Africa's delicious flavors through quality food products
Overview
Raised: $161,327
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/06/2022
Close Date
10/04/2022
Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$800.00
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/04/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,068
# of Investors
151
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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: 05/06/2022
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