Dogworx

Modern luxury experience for dogs and their humans to work and play—together

Print
Claim My Business
Form C
View on Wefunder
Security Type
Debt
Categories
Retail, Entertainment, Food & Bev, Community & Lifestyle
Min Investment
$100
Location
Houston, TX
Offering Date
September 15, 2021
Expected Close Date
April 30, 2022
Target Raise
$99.99K-$5.00M
No. Investors
89
Security Price
$12.20
Valuation
$69,300,000
Website
dogworx.com
Number of Employees
9
Cash
$5,000
Revenue
$0
Short Term Debt
$1,305,000
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-1,305,000

Company Description

DogWorx offers a groundbreaking Work-Live-Play experience to millennial urban pet owners with a first-of-its-kind space: dog-friendly coworking offices, cafe & bar, and event venue fully integrated into a full-spectrum of pet services: dog daycare and off-leash parks, veterinary care, grooming, and more.

As the maturing millennial workforce continues to flex its influence in both work-life balance and the inclusion of our pets in daily life, demand is high for a unique destination space catering to all aspects of the modern pet owner’s life: a beautiful and thoughtfully designed place for work and play—together.

Key Deal Facts

First-of-its-kind Work-Live-Play destination for dogs and their humans in Houston and beyond.
$14.2M invested to date on the Houston DogWorx location and facilities.
Led by expert real estate developer/investor with 40+ years experience building high-end projects.
$3.6M + 3 years spent on in-depth market research, analysis, product design & development.
Conservative estimates project net positive cash flow in the first year of operations.
We only need 4% of the dogs in a 1-mile radius or 0.49% in a 3-mile radius to reach our projections.
Vet and animal health related companies are trading at 15-20x EBITDA. Dogworx owns all real-estate.
Construction underway with Phase 1 set to open in Jan 2022 and completion Dec 2022.

Use of Proceeds

Pavlov’s bar, spa, daycare, and park will open Jan 2022, with boarding, co-working, and event center completed in Dec 2022. Mid-term, we have plans to expand to the Austin and Frisco/Plano areas and beyond.

Management Team / Advisory Board Bios

Michael Lester, Founder and CEO
International real estate developer with 40+ yrs experience. Proven track record successfully executing dozens of international projects up to 1.3 billion usd. Expert in manufacturing, cost optimization and labor efficiency.

Myke Zurenda, Co Founder
Expert in OEM, industrial design, strategic sourcing, logistics and project management including management of team members in multiple international offices. 15 years with the Green Tower Team.

Michael Shumard, Chief Creative Officer
43 years experience in project management, building, and product design. 21 years with Green Tower Team.
Amount Raised : $811,661
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

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.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment