LiveWell Assisted Living

LiveWell Assisted Living

Closed: Feb. 2022

About this raise

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.

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Investment Overview

Invested this round: $178,751

Deal Terms

Total Commitments

Platform
truCrowd
Start Date
08/17/2020
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
No
Founder Name
Diane Beckett
Title
Executive Director and Administrator
Founder Name
Justin Beckett
Title
Chairman & CEO

Financials

 Revenue +44% YoY
$1,893,000
 Monthly Burn
$26,308
 Runway
0.7 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2022 truCrowd $6,000,000 $178,751 Equity - Common Funded RegCF
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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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