Invest in Immigrant Food

CLOSED

The future of restaurants where profit meets purpose

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

REASONS TO INVEST

ABOUT

HEADQUARTERS

TERMS

Immigrant Food

Overview

PRICE PER SHARE

$7

DEADLINE

Aug. 13, 2024 at 6:59 AM UTC

VALUATION

$7.57M

FUNDING GOAL

$15K - $1.23M

Breakdown

MIN INVESTMENT

$497

MAX INVESTMENT

$1,234,996

MIN NUMBER OF SHARES OFFERED

2,142

MAX NUMBER OF SHARES OFFERED

176,428

OFFERING TYPE

Equity

SHARES OFFERED

Class D Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$3,588,013

$1,823,718

Cash & Cash Equivalents

$1,218,661

$640,862

Accounts Receivable

$65,222

$32,435

Short-Term Debt

$774,176

$472,241

Long-Term Debt

$2,089,248

$1,156,973

Revenue & Sales

$4,408,087

$3,320,597

Costs of Goods Sold

$815,936

$687,317

Taxes Paid

Net Income

-$343,308

-$503,984

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.

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

Investment Incentives & Bonuses*

Time-Based Investor Perk

Early Silver — Invest $1,000+ (minimum investment is $500) within the first 2 weeks and receive 5% bonus shares

Early Gold — Invest $2,500+ within the first 2 weeks and receive 7% bonus shares

Early Platinum — Invest $5,000+ within the first 2 weeks and receive 10% bonus shares

Early Diamond — Invest $10,000+ within the first 2 weeks and receive 15% bonus shares

Volume-Based Perks

Tier 1 Perk — Invest $1,000+ and receive a $50 gift card

Tier 2 Perk — Invest $5,000+ and receive a $250 gift card and a “Immigrants Make America Great” tote bag

Tier 3 Perk — Invest $10,000+ personalized Chef’s curated dinner with global wine pairing for 4 + 5% bonus shares

Tier 4 Perk — Invest $25,000+ and receive a catered event for your party up to 15 + 7% bonus shares

Tier 5 Perk — Invest $50,000+ and 3 hours of private room booking plus a $1,000 bar tab credit for your event + 10% bonus shares

Tier 6 Perk — Invest $100,000+ and receive a day with Immigrant Food, immersing yourself in immigrant recipes with Culinary Director and Executive Chef Ben, and have lunch with our inspiring co-founders Tea and Peter + 12% bonus shares

Tier 7 Perk — Invest $500,000+ and receive free Immigrant Food lunch for a year!** + 12% bonus shares

Tier 8 Perk — Invest $1,000,000+ and you get to pick Immigrant Food’s next city expansion!*** + 12% bonus shares

Loyalty Perk

As you are a close friend of Immigrant Food, you are eligible for 5% bonus shares

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.

**one item, plus drink a day, 6 days a week

***pending Board approval

The 10% StartEngine Venture Club Bonus

iFood, Inc. (dba "Immigrant Food") will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Venture Club.

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 D Common Stock at $7.00 / share, you will receive 110 shares of Class D Common Stock, meaning you'll own 110 shares for $700. 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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Venture Club bonus and Loyalty Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

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