Scream Truck
Growth Stage
The World's First On-Demand, Experiential Food Trucks
Overview
Raised: $458,523
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/11/2024
Close Date
07/12/2024
Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$1.64
Pre-Money Valuation
$17,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
65
% of Min. Goal
183%
% of Max. Goal
46%
Likelihood of Max
Avg. Daily Raise
$8,044
# of Investors
178
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Scream Truck, with a valuation of $17 million, is raising funds on Wefunder. The company has developed the world’s first on-demand experiential food trucks. Scream Trucks are designed to create an awesome experience with their hot pink and bold appearance and premium sound systems and sell creative and premium ice cream treats. The business has over 70,000 households signed up for its reserved routes and has generated $6 million in lifetime revenues. Eric Murphy founded Scream Truck in February 2020. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for software development, purchasing a new truck, and hiring franchise support personnel.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$3,007,857 |
$1,881,817 |
|
COGS |
$3,019,642 |
$1,560,885 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,624,052 |
$-1,725,456 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$313,956 |
$1,972,992 |
|
Accounts Receivable |
$12,800 |
$0 |
|
Total Assets |
$4,718,743 |
$4,978,706 |
|
Short-Term Debt |
$1,052,398 |
$702,453 |
|
Long-Term Debt |
$2,286,081 |
$1,096,932 |
|
Total Liabilities |
$3,338,479 |
$1,799,385 |
Financials as of: 03/11/2024
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