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The Town Kitchen isn't accepting new investments

The Town Kitchen’s deadline was November 1, 2019

Follow the company to stay updated on their progress, including future investment opportunities


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Logo of The Town Kitchen

The Town Kitchen

Feed your team, nourish your community
Restaurant & Bar Services Social Impact B2B Restaurants
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Featured image of The Town Kitchen
$58,544
Raised
344
Investors
Successfully funded and closed on November 1, 2019.
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Closed on November 1, 2019. Information may not be up-to-date. Campaign closed on November 1, 2019. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by The Town Kitchen, PBC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
The Town Kitchen Crowd SAFE
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Hear from some of the 344 investors in The Town Kitchen


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Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
Venture-backed
Company is backed by a venture capital firm
  • Corporate catering elevating local communities
  • Focus on foster and re-entry youth personal & professional development
  • Public Benefit Corporation
  • Revenue above $1.1M in 2018 with 82% year-over-year growth
  • 40B+ industry market
  • 40%+ return of gross margins on every order

Problem


Unequal access means Unequal opportunity

Young adults in the foster and re-entry populations lack access to training programs and meaningful jobs that can develop their professional and personal skills. Without these opportunities, they miss out on key professional developmental milestones like getting a promotion, achieving goals, or simply holding down a job.

How can we build a world in which a foster youth from East Oakland has the same opportunity as a high school graduate from Palo Alto?

We can! We’re using a productive business model that fuels these development opportunities, expands access to opportunities while teaching valuable business skills.

Solution


Growing communities through food

The Town Kitchen handcrafts and delivers delicious catered meals by helping foster and re-entry individuals explore their untapped potential. We believe that communities grow together, so we provide these individuals the experience, exposure and access to new opportunities to help grow themselves and their communities

Product


The Town Kitchen provides B2B, chef crafted meals, while employing at-risk youth.

  • Culinary-inspired, locally-sourced menus
  • Full-service Food & Beverage 'amenity in a box'
  • Partnership Driven Impact


Traction


82% year-over-year growth

Businesses love using The Town Kitchen for their food and beverage needs as it allows them to create broader community impact while servicing their employee needs. 

We’ve experienced a yearly growth of 82% from 2017-2018, with a total revenue of $1.1M+ in 2018. 

Customers


Customers are inspired by our social mission 


Business model


Diverse menu options for every catering need

Our revenue comes directly from the catering orders our clients place, averaging 45% gross margin with average order size exceeding $1,500. We also operate two cafe locations that provide a consistent & growing channel for us as well as another way for us to offer development for our youth staff.

Customers have the option of signing up for a weekly lunch program (34% of YTD Revenue) with us, or just ordering as needed. We offer breakfast, lunch, and a selection of appetizers to service every time of day our customers might need to feed their teams.

We source our ingredients and food products from local women & minority owned businesses, helping elevate another underrepresented community. 

Market


Corporate catering on the rise

This $40B market is expected to grow by 20% over the next 5 years. There’s huge potential to create community impact by tapping into this market with an easy-to-order, plug-and-play menu that serves local business while also having an impact on the community.  As food becomes integrated into workplace amenities and team culture, we expect to continue seeing significant growth in the market size.

Competition


Business catering with a social mission

No other player in the corporate catering space can claim to have both a chef driven menu (controlled production and supply chain), in addition to a social mission. Consumers are looking to make a difference with their dollars. We're not asking our customers to change their behavior to make a positive impact on their communities, simply to change their vendor.

Vision and strategy


On track to expand to top 25 metros

If we reach our stretch goal of $3M with this round (seeking $1.07M on Republic as well as additional investments), we’d be able to fund operations through 2021 and grow into other West Coast Cities. We’d also be able to expand to 5 redistribution centers in the Bay Area, averaging 4,300 meals a day.  

Funding


We've raised $1.4M in equity to date from various early stage, mission-oriented investors

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for The Town Kitchen occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that The Town Kitchen is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
The Town Kitchen needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by The Town Kitchen, PBC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
The Town Kitchen Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in The Town Kitchen.
Invest
$250
Receive
  • Shoutout on our social media channels (with your consent)
Invest
$500
Receive
  • Receive all of the above + The Town Kitchen t-shirt
Invest
$1,000
Receive
  • Receive all of the above + 1 year of free coffee at either of The Town Kitchen cafe's (in Oakland, CA)
Invest
$10,000
Receive
  • Receive all of the above + an invitation to a group dinner prepared by our own Chopped Champion Jessica Mogardo (transportation not included)

Why others invested

See all reviews (60) See all (60)

Love investing in local communities - the heart of it all -looking forward to a strong future

Profile picture of James Bennett
James Bennett
Active investor
over 6 years ago

I believe in the mission and the financials are impressive for a second year in operation.

Profile picture of Nicholas Francisci
Nicholas Francisci
Active investor
over 6 years ago

I’m investing in TK as they are making a long term investment in their community bringing opportunities and job training to a vulnerable population. I have confidence that their dedicated highly skilled team will be successful.

Profile picture of Alison Negrin
Alison Negrin
Investor
almost 7 years ago

About The Town Kitchen

Legal Name
The Town Kitchen, PBC
Founded
Mar 2015
Form
Delaware Other
Employees
20
Website
thetownkitchen.com
Social Media
Headquarters
Google Map location of of The Town Kitchen
2325 East 12th Street , Oakland, CA
Headquarters
2325 East 12th Street, Oakland, CA, United States 94601

The Town Kitchen Team
Everyone helping build The Town Kitchen, not limited to employees

Profile picture of Eric Quick
Eric Quick
Investor, CEO
Featured in Superheroes · Read
Eric has thirty years’ experience in operations management in foodservice, retail, e-commerce, technology and manufacturing. Eric has held senior leadership positions with notable companies including McDonald’s, Disney, Safeway and Revolution Foods.
Profile picture of Jefferson Sevilla
Jefferson Sevilla
Founder & Head of Impact
Before founding The Town Kitchen Jefferson held the role of Executive Sous Chef at the Google San Francisco campus. He was also the Executive Chef for SpoonRocket and helped establish the growth into the Seattle and San Diego markets.
Profile picture of Jessica Mogardo
Jessica Mogardo
Head of Culinary
Jessica is veteran hospitality industry professional with over 15 years experience in 4-star hotels, multi-unit restaurant groups and high-volume manufacturing.
Profile picture of Trevor Fleshman
Trevor Fleshman
Head of Product
After finishing a five year stint with another corporate lunch company, EAT Club, Trevor joined The Town Kitchen. He focuses on developing the companies various business channels as well as managing the network of local business partners.
Profile picture of Nate Lopez
Nate Lopez
Head of Culinary Production
Experienced product development manager with a successful track record in the food & beverages industry. Skilled in product development, marketing and sales, operational efficiency, procurement, project management and people development.
Profile picture of Kyara Banks
Kyara Banks
Order Specialist
Profile picture of Javier Bustamante
Javier Bustamante
Kitchen Team
Profile picture of Edgar Bustos-Ortiz
Edgar Bustos-Ortiz
Order Specialist
Profile picture of Josh Caceros
Josh Caceros
Order Specialist
Profile picture of Eric Corona
Eric Corona
Kitchen Team
Profile picture of Elijah Cyrus
Elijah Cyrus
Delivery Supervisor
Profile picture of Maria Eugenia Arrendondo Agaton
Maria Eugenia Arrendondo Agaton
Kitchen Team
Profile picture of Haydee  Garcia
Haydee Garcia
Kitchen Team
Profile picture of Charles Mackie
Charles Mackie
Order Specialist
Profile picture of Julien Modeliste
Julien Modeliste
Order Specialist
Profile picture of Julio Naranjo
Julio Naranjo
Kitchen Team
Profile picture of Laura Velazquez
Laura Velazquez
Order Specialist
Profile picture of Marcelo Montiel
Marcelo Montiel
Kitchen Team
Profile picture of Sandra Jeronimo
Sandra Jeronimo
Kitchen Team
Profile picture of Olaf Ponce
Olaf Ponce
Kitchen Team
Profile picture of Princeton Maharam
Princeton Maharam
Head Barista
Profile picture of Jose Rivera
Jose Rivera
Kitchen Supervisor
Profile picture of Maria  Rodriguez
Maria Rodriguez
Account Management
Profile picture of Renee Schouten
Renee Schouten
Event Coordinator
Profile picture of Frances Smith
Frances Smith
Manager of Cafe Experiences
Profile picture of Santiago Torres
Santiago Torres
Kitchen Team
Profile picture of Tristin Riggins-Walker
Tristin Riggins-Walker
Order Specialist
Profile picture of Lindsey Zimmer
Lindsey Zimmer
Growth Development Representative
25 more team members
Kyara Banks
Order Specialist
Eric Quick
Investor, CEO
Jefferson Sevilla
Founder & Head of Impact
Javier Bustamante
Kitchen Team
Edgar Bustos-Ortiz
Order Specialist
Jessica Mogardo
Head of Culinary
Josh Caceros
Order Specialist
Eric Corona
Kitchen Team
Trevor Fleshman
Head of Product
Elijah Cyrus
Delivery Supervisor
Maria Eugenia Arrendondo Agaton
Kitchen Team
Haydee Garcia
Kitchen Team
Charles Mackie
Order Specialist
Julien Modeliste
Order Specialist
Julio Naranjo
Kitchen Team
Laura Velazquez
Order Specialist
Marcelo Montiel
Kitchen Team
Sandra Jeronimo
Kitchen Team
Olaf Ponce
Kitchen Team
Princeton Maharam
Head Barista
Jose Rivera
Kitchen Supervisor
Maria Rodriguez
Account Management
Renee Schouten
Event Coordinator
Frances Smith
Manager of Cafe Experiences
Santiago Torres
Kitchen Team
Tristin Riggins-Walker
Order Specialist
Lindsey Zimmer
Growth Development Representative
Nate Lopez
Head of Culinary Production

Press

Episode 6: Social Impact, The Town Kitchen with Eric Quic...
Skiplist Skiplist
·
Oct 8, 2018

Podcast - Software is eating the world. Software is also eating our wallets. Billions of dollars are lost on unusable pro...

This Oakland Catering Company Is Changing Lives Of Local ...
YouTube YouTube
·
Aug 27, 2018

Redefining possible is at the heart of everything we do: https://hyundaius.co/2wjSuGA For more info on The Town Kitchen, ...

The Town Kitchen offers job skills, second chances, to th...
Local: In Oakland
·
Dec 13, 2017

Fresh bread is baking in the oven. Feet shuffle swiftly along the kitchen floors. Chefs begin bagging and packing food to...

Oakland start up feeding more than just bellies
CGTN America CGTN America
·
Oct 7, 2017

The food delivery business is being transformed with competitors battling to make meals as easy as clicking a smartphone ...

Early Stage: Oakland startup delivers lunch, pulls young ...
The Mercury News The Mercury News
·
Aug 6, 2017

Who they are: The Town Kitchen What they do: Deliver lunch to local companies, and employ at-risk, inner city youth Why i...

Investing in the Youth | Edible East Bay
Edible East Bay
·
Feb 13, 2016

MENU OF OPPORTUNITY The Town Kitchen delivers sandos and salads, plus jobs for low-income youth BY RACHEL TRACHTEN | PHOT...

The Town Kitchen On Nurturing the Youth & Bringing Social...
Svcimpact Svcimpact

The Town Kitchen is a business-to-business food delivery company based in Oakland, California with a commitment to uplift...

Show all
Logo of The Town Kitchen

The Town Kitchen

The Town Kitchen successfully raised $58,544 from 344 investors on November 1, 2019
Profile picture of Evette Duren
Profile picture of Carlos Salter
Profile picture of Lyle Notice
Profile picture of Nicholas Francisci
Profile picture of troy dollar
Evette, Carlos, Lyle, Nicholas, troy, and 339 others invested. 60 Reviews
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