Do Well Do Good

Do Well Do Good

A shared use kitchen and food hall with apprenticeship and entrepreneur programs

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Lake Worth, FL
Offering Date
December 07, 2020
Expected Close Date
March 18, 2021
Target Raise
$109.38K-$193.50K
Deal Notes

10% of revenues

1.5X payback multiple

Secured by assets of Do Well Do Good Corp..

The company will pay investors 10% of revenues each quarter until 100% of your principal is returned plus 100% on top.

Company Description

We run a shared use kitchen and a food hall that provides the physical space for apprenticeship and entrepreneurial capacity building programs run by local partners such as other tenants on-site, including the YMCA and Broward College, as well as local nonprofits. The eco-system of success and the shared use model bring down the main barriers to entry for culinary entrepreneurs, namely business acumen and startup capital.In 5 years, we hope to be opening our fourth food hub around the state of FL. These projections are not 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 $250+ for Gift card for $10 to use on site
$500+ Gift card for $25 to use on site
$1,000+ Meal for two catered by food hall vendors
$10,000+ Meal for up to eight people catered by food hall vendors
Invest $250+ for Gift card for $10 to use on site
$500+ Gift card for $25 to use on site
$1,000+ Meal for two catered by food hall vendors
$10,000+ Meal for up to eight people catered by food hall vendors

Key Deal Facts

Projected profit margin of 29% for first year and 41% for 2nd and 3rd years (not guaranteed)
$200,000 cash infusion received from the local Community Redevelopment Assoc.
Strategic partnerships with the YMCA, AMI Kids, & the city of Ft Lauderdale
Already in discussion for two further hubs
Local county just passed ordinance in support of apprentice programs
Replicable & scalable model to be used all over the state and nation
We fill a need for a variety of local healthy fast casual dining options near downtown Ft Lauderdale

Use of Proceeds

$109,375

  • 7.5% Wefunder fee
  • 56.5% for cash flow shortfall in first seven months
  • 36% for shortfall in buildout

$193,500

  • 7.5% Wefunder fee
  • 36.5% for cash flow shortfall in first seven months
  • 56% for shortfall in buildout, furniture, & equipment

Management Team / Advisory Board Bios

Rachel Shapiro
Founder/Director
Co-founded the Florida Food Policy Council, a statewide network of food system stakeholders

Scott Strawbridge
Advisor
"Florida 100" Award - 22nd fastest growing private company in Florida; "101 Best Companies to Work For" - National Association of Home Builders/Remodelor's Council; Robert Wood Johnson Foundation "Culture of Heath Prize".

Deal Notes

10% of revenues

1.5X payback multiple

Secured by assets of Do Well Do Good Corp..

The company will pay investors 10% of revenues each quarter until 100% of your principal is returned plus 100% on top.

Amount Raised : $0
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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