Overview
Raised: $164,505
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/15/2023
Close Date
12/13/2023
Min. Goal
$14,997
Max. Goal
$617,999
Min. Investment
$446
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$3.21
Pre-Money Valuation
$40,125,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
78
% of Min. Goal
1,097%
% of Max. Goal
27%
Likelihood of Max
Avg. Daily Raise
$14,955
# of Investors
41
Momentum
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
EnterpriseTech
Location
Marina Del Rey, California
Best Food Trucks, with a valuation of $40.13 million, is raising funds on StartEngine. It is a data analytics company that uses SaaS technology to empower mobile food entrepreneurs. Best Food Trucks has online and mobile apps that connect users to the finest food trucks and also allow vendors to showcase their menus and bid on catering events. The company serves over 2,400 vendors and more than 200,000 customers and has an annual revenue of $10 million. Matthew Geller, Jared Kapela, and Patrick Lennon founded Best Food Trucks in October 2016. The current crowdfunding campaign has a minimum target of $14,997.12 and a maximum target of $617,998.83. The campaign proceeds will be used for marketing, operations, and research and development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$10,083,996 |
$6,893,824 |
|
COGS |
$8,932,081 |
$5,909,530 |
|
Tax |
$0 |
$2,196 |
| ||
| ||
|
Net Income |
$-157,669 |
$53,618 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$33,800 |
$160,854 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$123,126 |
$175,119 |
|
Short-Term Debt |
$5,892 |
$1,171 |
|
Long-Term Debt |
$177,108 |
$151,146 |
|
Total Liabilities |
$183,000 |
$152,317 |
Financials as of: 09/15/2023
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