Trade Street Jam Co.
Early Stage
Minority & woman-owned gourmet food company
Overview
Raised: $121,650
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/29/2022
Close Date
04/27/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,500,000
Valuation Cap
$5,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$579
# of Investors
80
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Trade Street Jam Co., with a valuation of $5.5 million, is raising funds on Wefunder. It is a gourmet food company that makes jams and sauces using clean ingredients. The products of Trade Street Jam Co. include jams, Mocktail elixirs, baking mixes, and hot sauces that appeal to healthy snackers, home chefs, and new-age moms. Trade Street Jam Co. aims to expand its product portfolio and reach $1.3 million in revenue by 2023. Ashley Rouse founded Trade Street Jam Co. in February 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,235,000. The campaign proceeds will be used for manufacturing, customer acquisition, hiring, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$544,473 |
$472,762 |
|
COGS |
$419,583 |
$261,797 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-220,798 |
$-9,588 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$486,093 |
$79,615 |
|
Accounts Receivable |
$6,808 |
$2,838 |
|
Total Assets |
$499,223 |
$82,477 |
|
Short-Term Debt |
$42,786 |
$30,838 |
|
Long-Term Debt |
$600,000 |
$0 |
|
Total Liabilities |
$642,786 |
$30,838 |
Financials as of: 09/29/2022
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