Panel Tek ADU

Housing Meets Tech: We beat standard construction & prefab competitors

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Infrastructure, Technology, Manufacturing, Social Impact, Real Estate, Industrial, Retail, Building & Construction, Consumer Goods & Products
Min Investment
$100
Location
Seaside, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
55
Security Price
$1
Website
paneltekadu.com
Number of Employees
3
Cash
$0
Revenue
$0
Short Term Debt
$5,029
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-5,029

Key Deal Facts

Build in less than a day with easy-to-assemble lightweight panels that need no crane.
6 weeks from order to delivery.
Projections assume only capturing 0.18% CA market in year #5. $85M EBITA (not guaranteed).
Massive market: 2019 -2021 — 44,000 + ADU permits were issued. Only 12,000 were completed.
2.5 million ADUs are projected to be built in California in the next 10 years.
You'll want to live here: site-built look + client selects exterior & interior finishes.
Plans included in kit. Get over-the-counter approval in a snap.
Environmentally sustainable + energy efficiency + excellent soundproofing.

Management Team / Advisory Board Bios

Kurt Overmeyer Co-Founder + CEO Kurt has worked in urban economic development helping cities manage growth for 20 years. He was a key player in transforming four California cities, has a deep understanding of California law, real estate economics, and the permit approval process., Rick Cartell Co-Founder + Architect + Advisor Rick is an architect with 30+ years designing commercial buildings using panel construction, including auto dealerships, retail and restaurants. Rick designed Panel Tek's kits and will consult on operations capacity., Beth Cartell Co-Founder + Advisor Beth has a background in sales, real estate + NGO fundraising. She's a public speaker, trainer + educational content creator. She will consult in product development, marketing, and domestic/foreign sales development.
Amount Raised : $69,601
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

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.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment