Pet Wants Chardon

Pet Wants Chardon

Fresh Pet Food Delivered Right to your Door

Print
Security Type
Secured Loan
Categories
Consumer Goods & Products
Location
Madison, OH
Offering Date
April 07, 2021
Expected Close Date
June 03, 2021
Target Raise
$40.00K-$175.00K
Deal Notes

We are raising $175,000 with an annual return rate of 10% over a 60-month term.

Company Description

Pet Wants' primary product is our FRESH Pet Food. We locally produce our dog and cat food every 6 weeks FRESH! Our food stands out against the rest because it is not mass-produced and it does not go through a long distribution path. We chose a local, small pet food producer to bake our recipes at lower temperatures, and slowly cooked, to retain the highest nutrients possible. By providing fresh dog and cat food to our customers, we are providing the highest bioavailability in proteins and nutrients. We literally have the freshest kibble in town! For pet parents that are health conscious about what their pets are eating, this is a game-changer.

Use of Proceeds

Upgrades: $10,000

Store Furnishings: $60,000

Inventory: $35,000

Leasehold Improvements: $10,000

Operating Expenses: $20,000

Refinancing Debt: $40,000

Management Team / Advisory Board Bios

Danielle Moats, Owner
Danielle Moats has worked in the corporate environment her entire life while always maintaining a passion for animals and their care. She started in her late teens operating a pet sitting business to assist with her college tuition which did not end there. She continued her passion for animals by holding second jobs throughout her years at a veterinary office, managing a dog boarding and daycare facility, baking dog treats and even running a non-profit street rescue organization rescuing street dogs in Texas. Even though she has devoted herself to her business career, she knew she wanted something more for her and her family.

Jason Moats, Owner
While Jason Moats has also proven himself to be a hard-working individual with a background in the manufacturing industry, he also has a soft spot for animals and their well-being. He is very loyal, devoted and fully committed to helping our customers and their companions find the best nutritional care available.

Deal Notes

We are raising $175,000 with an annual return rate of 10% over a 60-month term.

Amount Raised : $0
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

Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments