MedCoShare

Flexible coworking spaces for doctors and other healthcare practitioners

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Claim My Business
Security Type
Debt
Categories
Infrastructure, Technology, Service Businesses, Community & Lifestyle
Min Investment
$100
Location
Philadelphia, PA
Offering Date
December 21, 2020
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$862.50K
No. Investors
179
Security Price
$1
Deal Notes

Discount: 20%

Website
medcoshare.com
Number of Employees
1
Cash
$34,315
Revenue
$5,232
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-81,627

Company Description

We allow doctors and other healthcare providers to rent space to see patients on flexible terms (part-time or short-term), with all basic utilities and support provided, so they can practice independently, on their own terms.

In 5 years, we hope to expand to numerous locations in cities across the US, and provide premium support services in addition to the basic space, to make independent practice a viable option for more healthcare providers. We also plan to build a platform to connect practices that have extra space to providers who need space. These projections cannot be guaranteed.

Perks

Invest $250+ for Coffee Mug
$500+ Coffee mug and t-shirt
$1,000+ MedCoShare gift bag with various goodies
$10,000+ Gift bag, 15% off any membership for 1 year 
$25,000+ Gift bag, Dinner with CEO, 20% off any membership for 1 year
Invest $250+ for Coffee Mug
$500+ Coffee mug and t-shirt
$1,000+ MedCoShare gift bag with various goodies
$10,000+ Gift bag, 15% off any membership for 1 year 
$25,000+ Gift bag, Dinner with CEO, 20% off any membership for 1 year

Key Deal Facts

Office sharing addresses a clear unmet need in the medical real estate market
The management team is composed of doctors and successful real estate entrepreneurs
Increasing demand due to healthcare trends
Growing client base despite pandemic disruptions
The company has been covered in 5 local and national business publications
Went from concept to operational location with a growing client base in 9 months, despite pandemic.
The potential market for medical office sharing estimated at over $900M nationwide
Developing proprietary software for back end scheduling and billing

Use of Proceeds

$50,000

Funds will be used for growth, marketing, and payroll. We plan to open additional locations in Philadelphia as well as expand to New York, Boston, and DC over the course of the next 2 years. 50% will be used for costs associated with opening another location (fit-out, security deposit, furnishing, etc.) 7.5% will go towards WeFunder fees. The remaining 42.5% will go towards operating the first location (rent, payroll, marketing).  

$975,000

Funds will be used for growth, marketing, and payroll. We plan to open additional locations in Philadelphia as well as expand to New York, Boston, and DC over the course of the next 2 years. 55% will be used for costs associated with opening multiple locations (fit-out, security deposit, furnishing, etc.) 25% will go to tech development (app, back end billing and scheduling). 12.5% will go towards operating the first location (rent, payroll, marketing). 7.5% will go towards WeFunder fees.  

Management Team / Advisory Board Bios

Ronak Vyas
CEO
Ronak is a successful investor, commercial real estate broker, and entrepreneur for 10+ years. Having launched other companies he understands what it takes to go from zero to one with limited resources.

Anthony Khan
CFO
Anthony has been a Project Manager for 15+ years serving the pharmaceutical, healthcare, finance, and telecom industries. He co-founded an apartment investment group, and is an asset manager and syndicator for affordable housing projects.

Gregory Goldmacher
CTO
MD, PhD, MBA - Greg is a physician and scientist, now an executive in pharma. He also has a business education, and experience starting commercial and non-profit organizations.

Amit Mundade
COO
Amit is a successful real estate developer, flipper, and operator. Prior to entering real estate he was a project engineer in aerospace and real estate technology for 15+ years. 

Deal Notes

Discount: 20%

Amount Raised : $361,651
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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