Do Well Do Good Corp.
A shared use kitchen and food hall with apprenticeship and entrepreneur programs
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/16/2020
Close Date
04/01/2021
Min. Goal
$109,375
Max. Goal
$193,500
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/17/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Do Well Do Good, a shared-use kitchen and food hall, is raising crowdfunding on Wefunder. The business provides physical space for apprenticeship and entrepreneurial programs run by local partners. The concept helps bring down the entry barriers for culinary entrepreneurs, including startup capital and business awareness. Rachel Shapiro founded Do Well Do Good in November 2020. The proceeds of the current crowdfunding round, with a minimum target of $109,375 and a maximum target of $193,500, will be used for cash flow shortfall in the first seven months and shortfall in buildout, equipment, and furniture. Do Well Do Good has a projected profit margin of 29% for the first year and 41% for the second and third years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-680 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10 |
$0 |
|
Short-Term Debt |
$110 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$110 |
$0 |
Financials as of: 12/16/2020
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