Uptown Network

Growth Stage

Bring-Your-Own-Menu (BYOMâ„¢): Accelerating Restaurant Revenue Recovery

Analytics

Raised to Date: Raised: $355,673

Aggregate Commitments $

Platform

Wefunder

Start Date

05/06/2021

Close Date

05/01/2022

Min. Goal

$150,000

Max. Goal

$630,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$21,312,942

Rolling Commitments $

Status

Active

Reporting Date

10/21/2021

Days Remaining

192

% of Min. Goal

237%

% of Max. Goal

56%

Likelihood of Max
likely
Avg. Daily Raise

$2,117

Momentum
cold
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Location

Naples, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

Uptown Network, with a pre-money valuation of $21.3 million, is raising funds on Wefunder. The company has developed a proprietary food menu platform to turn the paper menus of restaurants into environment-friendly and revenue-generating menus. Uptown Network's interactive system used for menu viewing and ordering is called Bring Your Own Menu. Jack Serfass, Nadine Serfass, and Phil Turner founded Uptown Network in April 2011. The proceeds of the current crowdfunding campaign, with a minimum target of $150,000 and a maximum target of $630,000, will be used towards sales resources, marketing spends, new R&D resources, new customer support resources, and covering the current fixed burn rate. Uptown Network has had over 3 million users who have saved over 22 million paper menus and more than $8 million in printing costs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,030,569

$900,573

COGS

$318,833

$408,370

Tax

$0

$0

 

 

Net Income

$-590,209

$-1,116,058

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$62,805

$124,037

Accounts Receivable

$85,255

$52,236

Total Assets

$288,595

$355,641

Short-Term Debt

$199,581

$30,856

Long-Term Debt

$424,000

$250,000

Total Liabilities

$623,581

$280,856

Financials as of: 05/06/2021
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Uptown Network on Wefunder
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $21,312,942

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