Purely Prepared Brands

Purely Prepared Brands

Early Stage

Outstanding wood-smoked, prime-cut meats, fish & complete meals

Outstanding wood-smoked, prime-cut meats, fish & complete meals

Overview

Funding data not publicly available
Platform

Castle Placement

Start Date

05/17/2023

Close Date

09/29/2023

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.25

Pre-Money Valuation

$17,700,000

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

APTOS, California

Business Type

Growth

Purely Prepared Brands, inc., with a valuation of $17.7 million, is raising funds on Castle Placement. The company is solving supply and demand issues for their smoked meat brand, Purely Smoked®, by distributing compact serving kitchens directly to retail outlets and suppliers. Each kitchen will stock the pre-packaged, frozen Purely Smoked® meals and entrees. Customers order from touch-screen menus (or their phone), pay and pick up from built-in food lockers – all without face-to-face interaction. All of which will be built on the pre-existing production and supplier infrastructure that exists today. Eddie Feintech founded Purely Prepared Brands in 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for kitchen equipment, operating costs, food inventory, and foodservice contractors.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-113,980

$-83,187

Summary Balance Sheet

FY 2022 FY 2021

Cash

$29,975

$35,574

Accounts Receivable

$0

$0

Total Assets

$49,225

$51,074

Short-Term Debt

$40,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$40,000

$0

Financials as of: 05/17/2023
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Purely Prepared Brands on Castle Placement 2023
Platform: Castle Placement
Security Type: Equity - Common
Valuation: $17,700,000
Price per Share: $0.25

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