FullSkoop

Farm to fridge meals; available 24/7 in your building

Security Type: Crowd SAFE
Categories: Food & Bev
Min Investment: $100
Location: San Francisco, CA
Offering Date: February 22, 2021
Expected Close Date: April 14, 2021
Target Raise: $25.00K-$1.07M
Deal Notes: Price Per Share: $1.00

Company Description

Vision Bay Area: 96 fridges in the next 18 monthsWith your investment, FullSkoop will enter into phase II of our market strategy. We will place 96 fridges across the greater San Francisco bay area within eighteen months of reaching our funding goal, earning us $2.9M in ARR.

Key Deal Facts

$468B U.S. market, smart vending has mass adoption in Europe and Asia
Combining a world class chef with game changing food retail economics
6x ROI, 21% net margin, projected $6.4M in sales in 30 months
Collateralized investment with low risk mobile footprints
Minority owned business raised $500k from angels, family and friends

Use of Proceeds

Intermediary Fees
Smart Refrigerators
Marketing and Advertising
Executive Recruitment
Technical Staff
Loans and Debts
Note Buybacks
Reserves
Taxes for 2019

Management Team / Advisory Board Bios

Sid Sanhi, C0-Founder
Sid's orientation to realizing vision has always been systems, team and technology. He is a naturally curious person with a big personality that drives culture, process optimization and partnerships.

Jonnatan Leiva, Co-Founder
Jonnatan is a sought after industry consultant as well as having held executive chef roles at some of the most recognizable names in fine dining. Accolades include: Rising Star Chef, SF Chronicle | Iron Chef America, 2x with Chris Cosentino | Featured Chef at The James Beard House | Food Network Contestant | Top 100 Restaurants, SF Chronicle | Named Top Chefs Under 35, Where Magazine

Deal Notes

Price Per Share: $1.00

Amount Raised : $59,950

Reveal the Score by Voting

＿

Additional ratings from other users are needed to determine a viable CrowdScore for this deal.

The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.

ⓘ

The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.

Business Idea

ⓘ

The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.

Business Traction

ⓘ

The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.

Management Team

ⓘ

The value of the company compared to similar companies raising money from investors.

Valuation

Have you done enough research to provide a rating? This is important for your fellow investors.

We only allow one revision to each rating category. Be sure about any changes.

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter

Read Our Research Disclaimer

0 Comments

To claim your deal, you must have access to @ email

Contact support@crowdlustro.com if you need assistance.