LiveWell Assisted Living

Neutral
BETA

CBD Friendly Assisted Living

Analytics

Raised to Date: $119,400

Aggregate Commitments $
Platform

TruCrowd

Start Date

08/17/2020

Close Date

10/31/2020

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$6,000,000

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

11

% of Min. Goal

1,194%

% of Max. Goal

48%

Likelihood of Max
Avg. Daily Raise

$1,926

# of Investors

9

Momentum
Location

Chapel Hill, NC

Industry

Healthcare & Pharmaceuticals

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

LiveWell Assisted Living, with a $6 million pre-money valuation, is raising crowdfunding on truCrowd. It is an assisted living facility that provides elder care with its unique assisted living micro-communities and senior care assistance. LiveWell Assisted Living offers CBD as an alternative treatment solution for seniors and is the first CBD-friendly senior care operator in the US. The company was founded by Justin Beckett and Diane Beckett in 2008. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $250,000, and the proceeds will be used for expanding the in-home care services and assisting living to states with favorable CBD legislation. LiveWell Assisted Living currently operates six assisted living micro-community homes in North Carolina and generated revenue of $1.8 million in 2019.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,893,000

$1,319,200

COGS

$15,916,000

$1,347,900

Tax

$193,500

$348,700

 

 

Net Income

$-315,700

$-568,900

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$17,896

$0

Accounts Receivable

$45,586

$68,638

Total Assets

$728,601

$878,324

Short-Term Debt

$129,900

$429,251

Long-Term Debt

$896,826

$0

Total Liabilities

$1,026,726

$1,287,365

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/31/2020 TruCrowd $6,000,000 $119,400 Equity - Common Active RegCF
08/16/2020 Fundanna $6,000,000 $0 Equity - Common Disappeared RegCF

Ratings

last updated 10/20/2020

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