Trade Street Jam Co.

Early Stage

Minority & woman-owned gourmet food company

Overview

Raised to Date: Raised: $113,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/30/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

Funding Type

RegCF

Valuation Cap

$5,500,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

226%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$911

# of Investors

67

Momentum
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Location

San Francisco, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

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: 09/30/2022
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Trade Street Jam Co. on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,500,000

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