C Meyers Feldman & Co
Early Stage
independent insurance agency
Overview
Raised: $0
Total Commitments ($USD)
Platform
CrowdSource Funded
Start Date
06/05/2019
Close Date
05/31/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/30/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
C Meyers Feldman & Co, an independent insurance agency, is raising funds on CrowdSource Funded. The company provides property and casualty (P&C) insurance to seal and medium-sized businesses and plans to acquire more P&C businesses to expand across the country. C Meyers Feldman & Co is led by Charles Feldman. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000. C Meyers Feldman & Co is focused on growing its revenue and improving its operating margins by expanding the insurance companies it acquires. It also aims to reduce its expenses through economies of scale.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$601,271 |
$567,564 |
|
COGS |
$23,177 |
$13,732 |
|
Tax |
$31,548 |
$32,610 |
| ||
| ||
|
Net Income |
$21,601 |
$12,167 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,022 |
$16,192 |
|
Accounts Receivable |
$72,089 |
$43,335 |
|
Total Assets |
$125,181 |
$108,597 |
|
Short-Term Debt |
$29,036 |
$9,084 |
|
Long-Term Debt |
$7,598 |
$6,066 |
|
Total Liabilities |
$36,634 |
$15,150 |
Financials as of: 06/05/2019
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