The Good Kitchen

Convenient meals. Keto, Gluten Free, Whole30 + TB12. Farm to Table in 4 minutes.

Analytics

Raised to Date: Raised: $8,125

Aggregate Commitments $
Platform

Republic

Start Date

06/29/2021

Close Date

10/26/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$18,000,000

Discount Rate

15%

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

90

% of Min. Goal

33%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$280

# of Investors

27

Momentum
cold
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Location

Charlotte, North Carolina

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

The Good Kitchen, with a valuation cap of $18 million, is raising funds on Republic. The business sells fully-prepared meals that come straight from farm to table. The meals of The Good Kitchen are suitable for a variety of lifestyles and dietary needs. Amber Lewis founded The Good Kitchen in November 2011. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for redesigning the order flow and UI to reduce churn and improve LTV, improve margins, and achieve growth. The Good Kitchen reported a 90% growth in the past six months to a $5.5 million run rate. The business has a strategic partnership with TB12 Sports to provide performance meals for people looking to achieve their peak performance.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,062,186

$3,454,233

COGS

$2,875,791

$3,253,642

Tax

$0

$0

 

 

Net Income

$-396,428

$-1,083,788

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$14,092

$150

Accounts Receivable

$0

$0

Total Assets

$2,415,684

$2,699,840

Short-Term Debt

$1,192,746

$1,689,336

Long-Term Debt

$1,543,427

$536,631

Total Liabilities

$2,736,173

$2,225,967

Financials as of: 06/29/2021
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