Mr. Meat Master

Mr. Meat Master

Closed: Nov. 2024

About this raise

Mr. Meat Master, with a valuation of $45 million, is raising funds on StartEngine. The business supplies high-quality beef to five-star restaurants, chefs, and homes. Mr. Meat Master is committed to ethics and quality and supplies beef that is hormone-free, antibiotic-free, and humane. The business has exclusive partnerships with Hard Rock, Miami Hurricanes, and Miami Dolphins and is now bringing it directly to consumers through its e-commerce platform. Rafael Hernandez founded Mr. Meat Master in June 2024. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, inventory, team expansion, and working capital.

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Investment Overview

Invested this round: $12,280

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
08/05/2024
Close Date
11/04/2024
Min. Goal
$10,000
Max Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$45,000,000

Company & Team

Company

Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Ft Lauderdale, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Rafael Hernandez
Title
Chief Executive Officer

Financials

as of June 1, 2024
 Revenue +20% YoY
$12,197,491
 Monthly Burn
Profitable
 Cash on Hand
$573
Gross Margin
32%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$12,197,491

$10,192,636

COGS

$8,234,506

$7,040,169

Tax

$0

$0

 

 

Net Income

$866,065

$1,499,306

Summary Balance Sheet

FY 2023 FY 2022

Cash

$5,513

$9,802

Accounts Receivable

$694,717

$546,535

Total Assets

$4,274,595

$2,024,266

Short-Term Debt

$632,628

$1,985,221

Long-Term Debt

$6,289,242

$1,447,986

Total Liabilities

$6,921,870

$3,433,207

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/04/2024 StartEngine $45,000,000 $12,280 Equity - Common Funded RegCF
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Add to portfolio
Mr. Meat Master on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $45,000,000
Price per Share: $2.50

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Follow Mr. Meat Master on StartEngine 2024

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Warning: according to the close date for this deal, Mr. Meat Master may no longer be accepting investments.

Mr. Meat Master Deal Report

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