Trade Street Jam Co.
Early Stage
Minority & woman-owned gourmet food company
Overview
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
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
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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