Vegan Mob

Vegan Mob

Growth Stage

Serving up the best vegan BBQ & soul food in the Bay Area

Serving up the best vegan BBQ & soul food in the Bay Area

Overview

Raised to Date: Raised: $31,727

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/21/2023

Close Date

04/29/2024

Min. Goal
$150,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$22,000,000

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/29/2023

Days Remaining

212

% of Min. Goal

21%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$796

Momentum
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Oakland, California

Business Type

Growth

Company Website

Vegan Mob, with a valuation of $25 million, is raising funds on Wefunder. The restaurant serves the best vegan BBQ and soul food in the Bay Area. Vegan Mob’s offerings include gumbo, brisket, the Mob Plate, and the Smackaroni. The restaurant has hundreds of visitors per day and hundreds of delivery orders through Caviar, DoorDash, and Postmates. Vegan Mob has generated $7.2 million in revenue to date and has been listed in the ten best vegan BBQ spots in USA Today. Toriano Gordon founded Vegan Mob in January 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $618,000. The campaign proceeds will be used for working capital, marketing, and hiring a full-time Chief Financial Officer.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,745,054

$3,387,225

COGS

$484,571

$1,567,669

Tax

$0

$0

 

 

Net Income

$-299,083

$-646,802

Summary Balance Sheet

FY 2022 FY 2021

Cash

$105,733

$37,698

Accounts Receivable

$0

$0

Total Assets

$284,195

$520,827

Short-Term Debt

$1,371,475

$983,324

Long-Term Debt

$229,885

$443,227

Total Liabilities

$1,601,360

$1,426,551
Financials as of: 08/21/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Vegan Mob 04/29/2024 Wefunder $25,000,000 $31,727 Convertible Note Active RegCF
Vegan Mob 04/30/2022 Wefunder $20,000,000 $299,043 SAFE Funded RegCF
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Vegan Mob on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $25,000,000

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