Invest in Porter Road by Local Eateries, Inc.

CLOSED

Delivering Life-Changing Meat

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

Porter Road by Local Eateries, Inc.

Overview

PRICE PER SHARE

$2.50

DEADLINE

May. 1, 2025 at 6:59 AM UTC

VALUATION

$40.32M

FUNDING GOAL

$15K - $1.24M

Breakdown

MIN INVESTMENT

$250

MAX INVESTMENT

$1,235,000

MIN NUMBER OF SHARES OFFERED

6,000

MAX NUMBER OF SHARES OFFERED

494,000

OFFERING TYPE

Equity

SHARES OFFERED

Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$2,532,803

$4,024,252

Cash & Cash Equivalents

$1,019,976

$1,227,761

Accounts Receivable

$121,994

$126,829

Short-Term Debt

Long-Term Debt

$11,491,554

$8,086,645

Revenue & Sales

$12,661,938

$14,571,682

Costs of Goods Sold

$11,204,352

$11,328,707

Taxes Paid

Net Income

-$5,181,250

-$2,054,762

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.

Voting Rights of Securities Sold in this Offering

Voting Proxy and Agreement. By investing in this offering. and subscribing to the Subscription and Joinder Agreement. you are agreeing to the terms of the Irrevocable Investor Proxy Voting Agreement attached as Exhibit A to the Subscription and Joinder Agreement (the “Irrevocable Proxy Agreement”), which provides that, with respect to all of the shares of Common Stock issued to the Subscriber in connection with the Subscription Agreement (the "Shares"), the Subscriber will grant to the CEO an irrevocable proxy (the "Irrevocable Proxy") as permitted pursuant to Section 212 of the Delaware General Corporation Law to vote the Shares in any manner that the CEO may determine in its sole and absolute discretion, subject to the requirements set forth in the Company’s bylaws as may be in effect from time to time (the “Bylaws”). Please see the Irrevocable Proxy Agreement for the complete details of the Irrevocable Proxy.

Investment Incentives & Bonuses*

Time-Based Perk

Early Bird: Invest within first 2 weeks

Tier 1- Perk - $250+ | 10% off all orders for 3 months

Tier 2- Perk - $500+ | 10% off all orders for 6 months +30% of First Subscription Box order + Access to Live Webinar

Tier 3- Perk - $1,000+ | 5% bonus shares +15% of all orders for 6 months +First subscription box Free (investor pays any applicable shipping fees) +Live Webinar + Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)

Tier 4- Perk - $5,000+ | 10% bonus shares +20% off all orders for 6months +First subscription box free (investor pays any applicable shipping fees) + Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) +Invite to investor-only virtual video cooking class

Tier 5- Perk - $10,000+ | 15% bonus shares +25% of all orders for 6 months +First 3 subscription boxes free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)+Investor-only virtual video cooking class +30-min phone call with Chris

Tier 6 - Perk - $20,000+ | 20% bonus shares + 25% off off all orders for 9 months first 3 subscription box free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris

Tier 7 - Perk - $50,000+ | 25% bonus shares + 25% off all orders for 1 year + First 6 subscription boxes free (investor pays any applicable shipping fees) + Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris +Co-founder dinner in Nashville (investor responsible for travel and lodging) +Live Q+A with Chris (in-person or by phone)

Amount-Based Perks

Tier 1 - Perk - $250+ | 10% off off all orders for 1 month

Tier 2- Perk — 500+ | 10% off off all orders for 3 months

Tier 3 Perk - $1,000+ | 15% off all orders for 6 months + 30% off first subscription box + Live Webinar + Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)

Tier 4 Perk - $5,000+ | 5% bonus shares + 20% off all orders for 3 months + First subscription box free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)+ Invite to investor-only virtual video cooking class

Tier 5 Perk - $10,000+ | 10% bonus shares + 20% off all orders for 6 months + First 3subscription boxes free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris

Tier 6 Perk - $20,000+ | 15% bonus shares +20% off all orders for 9 months + First 3 subscription boxes free (investor pays any applicable shipping fees) + Live Webinar + Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris

Tier 7 Perk - $50,000+ | 20% bonus shares + 25% off all orders for 1 year + First 6 subscription boxes free (investor pays any applicable shipping fees) +Live Webinar +20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class +30-min phone call with Chris +Co-founder dinner in Nashville (investor responsible for travel and lodging) + Live Q+A with Chris (in-person or by phone)

Loyalty Bonus

As you are a Meat Nerds as of 4/30/2024 + Friends & Family in Porter Road, you are eligible for additional bonus shares + enhanced Perks.

Reservations Perk

As a reservation holder you are elgible 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.

The 10% Venture Club Bonus

"Porter Road" by Local Eateries, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Venture Club 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 Common Stock at $2.50/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $250. 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, Reservations Bonus, and Loyalty Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.

HOW INVESTING WORKS

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

WHY STARTENGINE?

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