ACFN Franchised Inc.

Creating opportunities for entrepreneurs | Hundreds of franchises to date

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Amount Raised: $123,326
Security Type
Crowd SAFE
Min Investment
$150
Location
SAN JOSE, CA
Offering Date
October 05, 2022
Expected Close Date
April 20, 2023
Target Raise
$25.00K-$5.00M
No. Investors
111
Security Price
$1
Number of Employees
18
Cash
$1,153,502
Revenue
$12,703,113
Short Term Debt
$1,710,489
Cost of Goods
$10,714,394
Long Term Debt
$1,006,315
Net Income
$613,345

Key Deal Facts

220 franchisees in 46 states serving 2700 corporate clients nationwide
Cash-flow positive with $15M+ in annual revenue
Award-winning & nationally recognized with Bloomberg TV feature
Management team has 26 years of experience, 19 years in franchising
Largest provider of ATM services to hotels in U.S. w/ 1800 hotel customers
Current market conditions w/ inflation & high fuel cost favor ACFN’s model
Now scaling and acquiring competitors to achieve rapid growth

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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