LiveWell Assisted Living

LiveWell Assisted Living

Growth Stage

CBD Friendly Assisted Living

CBD Friendly Assisted Living

Overview

Raised to Date: Raised: $178,751

Total Commitments ($USD)

Platform

truCrowd

Start Date

08/16/2020

Close Date

02/28/2022

Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$6,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/05/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$319

# of Investors

69

Momentum
Funded
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Year Founded

2008

Industry

Healthcare & Pharmaceuticals

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Chapel Hill, North Carolina

Business Type

Life Style

LiveWell Assisted Living, with a $6 million pre-money valuation, is raising crowdfunding on truCrowd. It is an assisted living facility that provides elder care with its unique assisted living micro-communities and senior care assistance. LiveWell Assisted Living offers CBD as an alternative treatment solution for seniors and is the first CBD-friendly senior care operator in the US. The company was founded by Justin Beckett and Diane Beckett in 2008. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $250,000, and the proceeds will be used for expanding the in-home care services and assisting living to states with favorable CBD legislation. LiveWell Assisted Living currently operates six assisted living micro-community homes in North Carolina and generated revenue of $1.8 million in 2019.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,893,000

$1,319,200

COGS

$15,916,000

$1,347,900

Tax

$193,500

$348,700

 

 

Net Income

$-315,700

$-568,900

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,896

$0

Accounts Receivable

$45,586

$68,638

Total Assets

$728,601

$878,324

Short-Term Debt

$129,900

$429,251

Long-Term Debt

$896,826

$858,114

Total Liabilities

$1,026,726

$1,287,365

Financials as of: 08/16/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LiveWell Assisted Living 02/27/2022 truCrowd $6,000,000 $178,751 Equity - Common Funded RegCF
LiveWell Assisted Living 08/15/2020 Fundanna $6,000,000 $0 Equity - Common Not Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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LiveWell Assisted Living on truCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $6,000,000
Price per Share: $0.50

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