Tastes Markets

1st Democratized Grocer in the World that is hyper local and globally scalable

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Security Type
Debt
Categories
Retail, Real Estate, Sustainability, Agriculture, Food & Bev
Min Investment
$100
Location
Austin, TX
Offering Date
October 20, 2021
Expected Close Date
April 30, 2022
Target Raise
$69.96K-$1.07M
No. Investors
63
Security Price
$68
Valuation
$7,110,000
Website
tastesfarmersmarket.com
Number of Employees
2
Cash
$128,076
Revenue
$0
Short Term Debt
$26,852
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-143,119

Company Description

We are a new kind of grocery store. A democratized grocer where the people choose what they want on the shelves. Where 100% of your spend goes back to your food source. And you get source direct prices because there is no middle man.

we are the grocery store of the future. Where people matter more than profit. Empower yourself. empower our food producers.

Key Deal Facts

Consumers buy local food at source direct prices in-store and online.
100% of consumer spend goes back to food source. No middle man = lower prices & higher profit margins.
Store simply leases out shelf spaces at highly affordable rates thereby democratizing shelf spaces.
Store has automated checkout & suppliers stock shelves. This means 1 stocker, 1 cashier, no baggers.
Consumers vote for products they want on shelves. We are the 1st democratized grocer in the world.
Net profit is 32% higher than traditional grocery stores and model is quickly and globally scalable.
Win-win-win model; consumers get better for less, Producers are financially empowered & profits rise
We have pre-sold 40% of shelf-spaces and on track to have 3000 customers signed up for grand opening.

Use of Proceeds

Store one buildout and launch 

Management Team / Advisory Board Bios

Cheryl Cunningham, Founder and CEO
As a seasoned entrepreneur with 20 years of startup experience as Founder and CEO, I offer capital, know-how, and proven successes from small to Fortune 500 companies. I am committed to the wise stewardship of your investment and it's growth.

Steven Siegel, Interim CFO (Finance, M&A, Expansion)
25 years experience. C-level Executive of Fortune 1000 companies. Experienced in AI, e-commerce, consumer goods, retail, fashion, finance, and fintech. Orchestrated successful billion dollar deals and has had multiple successful exits.

Steve Larkin, Board Member (Marketing and Operations)
20 years experience. C-Level executive of zales, Golfsmith, macy's. experienced in omni-channel retail in Fortune 100, startups, Public and private equity. has had multiple successful exits.
Amount Raised : $120,350
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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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