Boseco Inc.

Coffee "Uber" for Starbucks Lovers with Mobile E-bike Coffee Shops

Security Type: CAFES
Categories: Technology, Hardware, Software, B2C, B2B
Min Investment: $100
Location: San Jose, CA
Expected Close Date: April 30, 2023
Target Raise: $150.00K-$1.07M
No. Investors: 315
Security Price: $1
Website: boseco-world.com

Number of Employees: 5
Cash: $138,412
Revenue: $402,114
Short Term Debt: $337,173
Cost of Goods: $113,047
Long Term Debt: $0
Net Income: $276,590

Company Description

🚀🔥$600K in total revenue
💸1100% revenue growth in the past 2 years
🔥💰Founders have completed 8 exits: their businesses generated over $200 million in total revenue
🔥💸While this forecast cant be guaranteed, Boseco forecasts $440 million revenue
⚡️Technology built and rolled out with patents in progress
🔥Currently selling 1.2 million cups of coffee per year
🔥💲Founders invested $1 million of own funds into the company
🌎Enormous $465 billion coffee market for $90 billion disruption

Use of Proceeds

$150,000
55% towards Research and Development (manufacturing, hardware and software development, equipment, patents, testing, application, engineering salaries etc.)
25% Payroll and other operational expenses
12.5% towards Marketing (social media and other PR related costs)
7.5% Wefunder fees

$1,070,000
42.5% towards Research and Development (manufacturing, hardware and software development, equipment, patents, testing, application, engineering salaries etc.)
30% Payroll and other operational expenses
20% towards Marketing (social media and other PR related costs)
7.5% Wefunder fees

Key Deal Facts

Use of Proceeds

Amount Raised : $664,862

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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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