Best Food Trucks

Best Food Trucks

Growth Stage

Connecting you to the street’s best eats

Connecting you to the street’s best eats

Overview

Raised to Date: Raised: $223,809

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/14/2023

Close Date

12/13/2023

Min. Goal
$14,997
Max. Goal
$617,999
Min. Investment

$446

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.21

Pre-Money Valuation

$40,125,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,515

# of Investors

92

Momentum
Funded
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Marina Del Rey, California

Business Type

Growth

Company Website

Best Food Trucks, with a valuation of $40.13 million, is raising funds on StartEngine. It is a data analytics company that uses SaaS technology to empower mobile food entrepreneurs. Best Food Trucks has online and mobile apps that connect users to the finest food trucks and also allow vendors to showcase their menus and bid on catering events. The company serves over 2,400 vendors and more than 200,000 customers and has an annual revenue of $10 million. Matthew Geller, Jared Kapela, and Patrick Lennon founded Best Food Trucks in October 2016. The current crowdfunding campaign has a minimum target of $14,997.12 and a maximum target of $617,998.83. The campaign proceeds will be used for marketing, operations, and research and development.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$10,083,996

$6,893,824

COGS

$8,932,081

$5,909,530

Tax

$0

$2,196

 

 

Net Income

$-157,669

$53,618

Summary Balance Sheet

FY 2022 FY 2021

Cash

$33,800

$160,854

Accounts Receivable

$0

$0

Total Assets

$123,126

$175,119

Short-Term Debt

$5,892

$1,171

Long-Term Debt

$177,108

$151,146

Total Liabilities

$183,000

$152,317
Financials as of: 09/14/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Best Food Trucks 12/12/2023 StartEngine $40,125,000 $223,809 Equity - Common Funded RegCF
Best Food Trucks 12/21/2017 Microventures $2,500,000 $49,888 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Best Food Trucks on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,125,000
Price per Share: $3.21

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