Well Seasoned
Early Stage
Restaurant-quality seasoned meats pre-prepared and delivered D2C
Overview
Raised: $18,600
Total Commitments ($USD)
Platform
SeedInvest
Start Date
12/04/2022
Close Date
01/24/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$1,000
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$8,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/23/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$372
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Well Seasoned, with a valuation of $8 million, is raising funds on SeedInvest. The company delivers restaurant-quality seasoned meats to customers’ homes. The offerings of Well Seasoned include a wide variety of pre-prepared meats available through subscription or a la carte and can be cooked at home in the least amount of time. Well Seasoned sold over 7,000 boxes of meats from the first to the third quarter of 2022, up by 217% compared to the same period in 2021. Dan Treiman founded Well Seasoned in October 2020. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $200,000, and a maximum target of $1.24 million. The campaign proceeds will be used for hiring, marketing, technology, R&D, and sales.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$149,488 |
$24 |
|
COGS |
$168,977 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-482,727 |
$-75,682 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$253,255 |
$225,753 |
|
Accounts Receivable |
$20,722 |
$0 |
|
Total Assets |
$273,977 |
$225,753 |
|
Short-Term Debt |
$162,836 |
$1,350 |
|
Long-Term Debt |
$669,465 |
$300,000 |
|
Total Liabilities |
$832,301 |
$301,350 |
Financials as of: 12/04/2022
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