Total Revenue: $50789.22 || Total Expesnes: $33663.75 || Net Profit: $17125.47
We're looking to acquire a small grocer in an elderly community. We will seek out great deals at local stores and resell them at a wicked mark up!
Capital contribution of each founder:
The founders agree to split all costs equally with AR/Cash as required for the development and maintenance of the platform and protection of company resources from the time of this agreement. No founder is required to make an initial capital contribution.
Percentage of shares to be held by each founder:
The founders agree to an equal split of any shares, units, or other methods of ownership assignment.
Remuneration of Founders:
The founders agree to no remuneration until after a series A round of funding, acquisition, or until this agreement is replaced via incorporation.
Role of each founder:
Ideatrek will be responsible for all institutional backend, operational, and reporting responsibilities
Roger B Hunt III // 238 Causeway St, Medfield, MA 02052, USA // Technical and accounting, as always!
Whether the founders are restricted from competing with the business of the company after they exit:
The founders may work on other businesses during the life of the company until otherwise required by future agreements. However, the founders are not allowed to share company secrets, technology, or intellectual property with other ventures unless permitted by the other founders in writing.
How the company’s confidential information and intellectual property will be protected:
No founder shall share, sell or otherwise disseminate any information regarding company business with any outside party for the life of the company until a future agreement is reached.
Sun Aug 21 2022 // Been a long summer but we are humming along! Creating heaps of AR, reigning the platform, and looking to expand. Would definitely love to hear about local products you know of. We are selling this biscotti from a local producer and it’s eoic // Amazing as everyone // $
Tue Jul 05 2022 // Things are going amazing!!! The inventory system is built and the rest of the POS is working well. HUZZAH!! // Roger is so cool and maria is the best // $3000
Mon Jun 20 2022 // First week is in the books! We aren’t bankrupt yet. We’ve added 1700 in new AR with all the expenses, buffing up that float, huzzah!! // The platform is looking great and functioning well. It’s almost ready to start onbaording clients for home delivery :) // $
Sun Jun 12 2022 // First day of business in the books!! Updating all inventory and client prepaid accounts over the weekend. Here we go! // An amazing job, just amazing! // $500
Sun May 29 2022 // We are closed! Maria has started at the store, and is learning quickly. All the money is raised and Im about to pay the former owner for inventory HUZZAH! // Oh yeah boom! // $0
Sat May 21 2022 // Had a meeting with the facility management and I think it went positive! STill not a closed deal, but we are getting there. ARRRRRGHHH // Doing amazing :) // $0
Sat May 14 2022 // We have 20k coming in from an investor to buy out a current store owner. Maria will rock this! // Amazing as ever // $20000
Sat May 14 2022 // Roger B Hunt III is now EPE. // undefined // $undefined