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Security Type
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Preferred Stock
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Categories
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Food & Bev
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Min Investment
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$100
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Offering Date
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November 24, 2020
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Expected Close Date
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January 31, 2021
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Target Raise
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$540.00K-$600.00K
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Deal Notes
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Price per Share: $100.00
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Valuation
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$1,400,000
Company Description
El Condor is a new coffee brand defining the future of hospitality, from roasting to cafes and lifestyle. At the parent company level, Wilcuma develops, builds and operates its proprietary hospitality concepts, as well as provides a wide range of services to select clients.
Five years from now, we hope to celebrate the 10th location of our coffee concept and it will have become a recognized brand and household name in that space. These projections cannot be guaranteed.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Perks
Invest $100+ for Personal thank you shoutout on social media to let everybody know out there that you are part of such a cool project, and help build the El Condor community! Seriously though, thank you so very much!
$500+ Your personal invitation to "friends and family" and the opening party. Make the last tweaks and decisions with us prior opening, then come celebrate the project coming to life!
$1,000+ Whenever you come visit us at the main store during the first year, coffee is on us. Beware your level of caffeine though!
$5,000+ A special coffee drink named after you (on the base on a rotating selection). You deserve to be always remembered for your incredible contribution!
$10,000+ Open door to our upcoming classes about coffee education and roasting process. Just don't start your own concept after that, please!
Invest $100+ for Personal thank you shoutout on social media to let everybody know out there that you are part of such a cool project, and help build the El Condor community! Seriously though, thank you so very much!
$500+ Your personal invitation to "friends and family" and the opening party. Make the last tweaks and decisions with us prior opening, then come celebrate the project coming to life!
$1,000+ Whenever you come visit us at the main store during the first year, coffee is on us. Beware your level of caffeine though!
$5,000+ A special coffee drink named after you (on the base on a rotating selection). You deserve to be always remembered for your incredible contribution!
$10,000+ Open door to our upcoming classes about coffee education and roasting process. Just don't start your own concept after that, please!
Key Deal Facts
The comprehensive approach and versatile business model mitigating risk, from cafes to wholesale
The vision beyond coffee and its multiple revenue streams: CPG, music, fashion, etc.
The growth opportunities with several iterations of the concept in multiple real estate environments
The checks of post-pandemic and new-reality boxes, mainly consumption flexibility and cleanliness
A project that defines the future of the hospitality industry, especially from a people standpoint
A $70b market in 2020 in the US only, with an average 9% yearly gross expected for the next 5 years
Our versatile team has 30+ years of experience in the food business and hospitality in general
We complement our skill sets with strong experts in their fields (design, coffee sourcing, etc.)
Use of Proceeds
$540,000
- 41.9% towards construction costs
- 30.1% towards soft costs
- 9.3% towards pre-opening budget
- 4.3% towards contingency
- 7.5% towards Wefunder intermediary fee
- 6.9% towards cash balance
$600,000
- 41.8% towards construction costs
- 31.3% towards soft costs
- 8.3% towards pre-opening budget
- 4.5% towards contingency
- 7.5% towards Wefunder intermediary fee
- 6.6% towards cash balance
Management Team / Advisory Board Bios
Nicolas Simon
CEO
Alain Ducasse/Four Seasons/2 Michelin stars/Business school/Carried the Olympic Torch in 1992
Mucjon Demiraj
COO
Real estate expert/Restaurant owner/Financial adviser/Came to the US on a basketball scholarship