GoMeat Services

Meet the Meat At Your Doorsteps

GoMeat Services

Meet the Meat At Your Doorsteps

Bridgewater, NJ
Consumer Internet
Consumer Products
GoMeat is a grocery ordering and delivery service for Halal and Kosher meat, serving the $32 billion North American Halal meat market—a niche segment of the supermarket industry that has by and large been ignored by other on-demand ordering & delivery apps.

$64,107

raised
92
Investors
$9M
Valuation
$0.90
Price per Share
$249.30
Min. Investment
Common
Shares Offered
Equity
Offering Type
$500K
Offering Max
17
Days Left

$64,107

raised
92
Investors
$9M
Valuation
$0.90
Price per Share
$249.30
Min. Investment
Common
Shares Offered
Equity
Offering Type
$500K
Offering Max
17
Days Left

Rewards

Get rewarded for investing more into GoMeat Services:

$248+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Tier I
10% off on 5 GoMeat Orders + 3% Bonus Shares.
$1,000+
Investment
Tier II
15% off on 7 GoMeat Orders + 5% Bonus Shares.
$5,000+
Investment
Tier III
20% off on 10 GoMeat Orders + 10% Bonus Shares.
$10,000+
Investment
Tier IV
30% off on 15 GoMeat Orders + 20% Bonus Shares.

Reasons to Invest

Growing market: GoMeat serves in a $1.5 Trillion market globally and a growing market of $32 billion in North America only with management estimating there being 12,000+ Halal meat & grocery stores.
Scalable Platform: The GoMeat app has over 8,000 downloads, serving 4,500 customers from the 150 stores operating on our platform.
Pandemic Proof: GoMeat has tripled its sales revenue since 2019 with repeat orders from customers on a regular frequency with full control over cashflows.

GoMeat provides what other on-demand ordering & delivery grocery apps do not

Many on-demand grocery ordering and home delivery services exist, but for customers who shop at specialized Halal Meat or Kosher stores, options are limited.


Especially during a pandemic, we believe customers of these smaller halal meat and grocery establishments want a safer and smoother way to do their shopping.

The Problem


The process to purchase Halal meat is stuck in the past

Halal meat is available only in specialized retail stores, which we believe are often small or medium-sized businesses with low manpower. Intaking orders, order execution and payment processing take precious time to process by hand, whether in person or by phone. Stores do not start processing the order even if placed on the phone until a customer arrives at the store to ensure the order will be picked up and paid for, resulting in long wait lines. 


It’s inefficient, decreasing the number of orders these retailers can fill and increasing the time that customers must spend waiting in line.

The Solution


An online ordering and delivery service for Halal meat

gif

With GoMeat, customers order their Halal meat through either our app or our website.

No more going to the store and waiting around at the meat counter while the order is processed.

This streamlined process saves time and money for everyone, retailers with an increase in online revenue, and consumers in the form of exciting promotions and discounts.

The Market


A market untapped by major on-demand grocery services 

In 2019, the global Halal meat, grocery, and food market generated $1.5 trillion, with the meat portion alone accounting for $401.17 billion of that total. (Technavio 2020, [34, 51])

source: Technavio 2020

The North American Halal meat market is $32 billion (Source 1), and based on internal research, we believe there are more than 12,000 retail stores offering Halal meat. The global market size for online grocery delivery services is estimated to grow at CAGR of 29% with $631.84 billion in revenue during the forecast period 2020-2024. 


(Source 1: Halal Food Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024 Report, Page 93)

source: Technavio 2020

Our Traction


Adding stores and gaining app downloads

We launched in January 2019 using founder funding. As of December 2020, we have 150 stores operating on our GoMeat Platform, with 8,000+ downloads of the app (Ios and Android) and around 4,500 orders have been processed so far. 

GoMeat recently expanded to reach a total of 150 halal meat stores that cover New Jersey, Chicago, Philly, Atlanta, Orlando, Miami, Dallas, Houston, and Austin.


GoMeat was able to achieve sales of approximately $263,000 from January 2020 to September 2020.

What We Do


GoMeat streamlines the way customers order Halal food 

GoMeat customers use either our mobile app or our website to choose from a variety of retailers to place an order.

They then have the choice to either pick their food up at the store or have it delivered directly to their doorstep via our GoDrivers network. With either option, in-store wait times are drastically reduced—or eliminated altogether.

The Business Model


Service fees from the customer, commission from the retailer

Customers place their orders through the GoMeat app or website, and at checkout, we add a service fee to the price they pay for the goods they purchase.

Additionally, when signing on to use the GoMeat platform, retailers agree on a fixed percentage of the cost of goods sold that will be paid as commission to GoMeat.

How We Are Different


Serving a niche (but massive) population 

On-demand grocery ordering and delivery services primarily focus on large, general-purpose supermarkets. Although our service is very similar to what companies like UberEats, GrubHub, and Instacart do, we are unique in that we work specifically with Halal and Kosher meat retailers and their customers.


Halal meat consumption goes beyond the specific communities associated with Halal meat thus resulting in a huge $32 billion market in North America only.

The Vision


Expanding across the United States

Our growth strategy is to focus on the adoption and scale of the GoMeat service to create a network effect so as to become an acquisition target of large players in the industry. Our focus remains on:


  • Increase the number of customers 

    • Exceptional Discounts, Promotions & Referral Schemes 

  • Increase number of stores 

    • Expand Vertically - Food & Grocery

    • Expand Horizontally - Geographically

  • Scale the GoMeat platform

    • Invest in People & Technology

    • Optimize Business Processes

In line with our growth strategy, we plan to onboard at least 500 stores and expand our services to multiple states in the USA by the end of 2021. At that point, we hope to also have 300,000 app downloads and upwards of 250 drivers.

OUR LEADERSHIP


Multi-disciplinary, results-oriented team

The five-member GoMeat founding team has experience ranging from technology and digital transformation to process optimization and organizational change management. Members of GoMeat leadership have had success working with large companies across the globe and are now ready to take on this new endeavor.

Why Invest


Helping make grocery delivery available for all lifestyles 

By investing in GoMeat you have the opportunity to join a company that encompasses the following:

  • A growing market with limited delivery companies serving this market waiting for the right company to come in and become the standard ordering application

 

  • A platform that is proving to be highly scalable with over 8,000 downloads, a growing number of stores and customers, and an ambitious goal for enhancing these numbers in the near future

  • Despite the pandemic, we have increased our revenue by 300% since 2019 with repeat orders from customers


GoMeat expands the market for on-demand groceries and provides the opportunity for people following Halal or Kosher diets to access these time-saving services. 

Offering Summary


Company

:

GoMeat Services Inc.

Corporate Address

:

991 Route 22 West, Suite 200, Bridgewater, NJ 08807

Offering Minimum

:

$9,999.90

Offering Maximum

:

$499,999.50

Minimum Investment Amount

(per investor)

:

$249.30











Terms


Offering Type

:

Equity

Security Name

:

Class B Non-Voting Common Stock

Minimum Number of Shares Offered

:

11,111

Maximum Number of Shares Offered

:

555,555

Price per Share

:

$0.90

Pre-Money Valuation

:

$9,000,000.90











*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.

COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Time-Based

Friends and Family Early Birds

Invest within the first 48 hours and receive an additional 20% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive an additional 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.

Amount-Based

$500 | Tier I

10% off on 5 GoMeat Orders + 3% Bonus Shares.

$1,000 | Tier II

15% off on 7 GoMeat Orders + 5% Bonus Shares.

$5,000+ | Tier III

20% off on 10 GoMeat Orders + 10% Bonus Shares.

$10,000+ | Tier IV

30% off on 15 GoMeat Orders + 20% Bonus Shares.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

GoMeat Services, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $0.90 / share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $90. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$205,539.00 USD
$42,255.00 USD
Cash And Cash Equivalents
$2,487.00 USD
$17,854.00 USD
Accounts Receivable
$10,424.00 USD
$5,103.00 USD
Short Term Debt
$539.00 USD
$223.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$88,976.00 USD
$1,901.00 USD
Costs Of Goods Sold
$133,054.00 USD
$1,864.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$149,765.00 USD
-$67,968.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Follow GoMeat Services to get notified of future updates!

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
Please sign in to post a comment.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}