AllIDoIsCook

Early Stage

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

Analytics

Raised to Date: Raised: $142,167

Aggregate Commitments $

Platform

Wefunder

Start Date

05/06/2022

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$800.00

Pre-Money Valuation

$8,000,000

Rolling Commitments $

Status

Active

Reporting Date

05/21/2022

Days Remaining

344

% of Min. Goal

142%

% of Max. Goal

28%

Likelihood of Max
extremely
Avg. Daily Raise

$9,478

Momentum
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Location

Houston, Texas

Industry

Food, Beverage, & Restaurants

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

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: 05/06/2022
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AllIDoIsCook on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,000,000

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