Live Free Foods

Live Free Foods

Early Stage

Low FODMAP is the next Gluten Free

Low FODMAP is the next Gluten Free

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/05/2020

Close Date

05/14/2020

Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,250,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

05/23/2020

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

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Tampa, Florida

Business Type

Life Style

Live Free Foods, with a valuation cap of $1.5 million, is raising funds on WeFunder. The company creates low FODMAP food products for people suffering from Irritable Bowel Syndrome and helps them manage their symptoms. Live Free Foods started with its first product as the low FODMAP Ranch dressing and has sold over 6,000 bottles. The company was founded by Scot Savarese in 2017. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $107,000, and the proceeds will be used towards the production of inventory, content creating and advertising, and operating expenses. Live Free Foods already has over 3,000 online customers and has huge market potential.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$37,204

$50,553

COGS

$25,450

$290,808

Tax

$24

$0

 

 

Net Income

$-32,387

$-24,168

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54

$8,527

Accounts Receivable

$897

$727

Total Assets

$6,086

$22,990

Short-Term Debt

$35,213

$20,716

Long-Term Debt

$17,340

$1,333

Total Liabilities

$52,553

$22,049

Financials as of: 03/05/2020
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Live Free Foods on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $1,250,000

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