Hideout
Early Stage
We're building an entirely new restaurant business for a delivery-first world
Overview
Raised: $202,950
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/15/2021
Close Date
03/31/2021
Min. Goal
$750,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,001,000
Valuation Cap
$9,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/30/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$13,530
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Hideout, with a $9 million valuation cap, is raising crowdfunding on Wefunder. The company is building a new restaurant business for the delivery-first world. The business will turn delivery into its own dining experience through superior logistics, high-quality customer experience, and an omnichannel approach. Brian Leung founded Hideout in October 2019. The current crowdfunding round has a minimum target of $750,000 and a maximum target of $1,070,000, and the funds will be used for hiring, advertising, and building out two kitchens. Hideout aims to bring quality and experience to the ghost kitchens. The business has a current run-rate of $500,000 with one kitchen, with a 31% customer re-order rate.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$317,176 |
$730 |
|
COGS |
$224,344 |
$419 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-292,718 |
$-29,689 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,042 |
$82,976 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$61,061 |
$124,914 |
|
Short-Term Debt |
$880 |
$4,515 |
|
Long-Term Debt |
$382,500 |
$150,000 |
|
Total Liabilities |
$383,380 |
$154,515 |
Financials as of: 03/15/2021
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