GarfieldEATS will pay investors 5% of revenues each quarter until 100% of your principal is returned plus 125% on top
|1||Customers: 4000 active users - Total Users = 10,000|
|2||Customer Satisfaction: +70% as per in-app surveys|
|3||Garfield brand fan base: 17 million followers - 200 million fans worldwide. High engagement online.|
|4||Total Paws Issued to Date: 20,759 - 80% from in-app purchases (coin system)|
|5||No GMOs, No preservatives, No artificial colors, No hormones, Flour 00|
|6||6000 mentions, posts, messages and comments combined per month on social media to open in their country|
|7||The above bullet-points are in reference to the Canadian entity (which is not conducting this offering)|
The cartoon classic, Garfield, was born in 1978 by cartoonist Jim Davis. Garfield turns 40 years old in 2018!
GarfieldEATS inspired by the 1980s most famous hungry orange cat that lives with us for more than 40 years becoming a global pop culture with over 200 million comic books sold in 80 countries and 40 languages.
The Garfield Show has 25 million views weekly worldwide.
The Garfield Hollywood feature films grossed over $340 million
The Garfield brand has left its mark on movies, television series and specials, books, stage, plays and musicals, and thousands of consumer products.
The Brand Story
Garfield’s favorite food come to life.
Garfield’s dreams come true! GarfieldEATS is the world’s 1st quick entergaging restaurant app — both engaging + entertaining. App users can play, watch, and order at the same time and collect paws, a loyalty coin system, to unlock goupon offers, game levels, episodes and more.
GarfieldEATS highly anticipated Garfield-shaped pizzas, lasagna, spaghetti, and Garfield 3D dark chocolate bars, Garficcino flavored coffee, and smoothies are all on the menu to complete the Garfield tasty experience made with farm2plate (F2P) ingredients.
Garfield believes communities deserved a fun new digital way to order Farm2Plate food & merch making ordering food fun and easy, or shall we call it - “entergaging” - entertaining + engaging. It is the most entertaining restaurant app out there !
Users can watch exclusive Garfield episodes, play Foodattack AR, order delicious food, collect Paws, unlock Goupons, track an order, share the app to earn free pizzas, and much more - All-in-One mobile app.
Pizza boxes convert to pizza plate, lasagna boxes into tissue boxes, fries’ box into a travel pack and more. At GarfieldEATS, we make sure your meals arrive fresh and safe in the most environmentally responsible & re-purposed packaging available called Re-box, a purpose for mother earth. We are committed to develop fully re-purposeful, recyclable, and compo-stable GarfieldEATS boxes for a better tomorrow. Now, that is smart!
Garfield is hungry but concerned about healthy living concerns. GarfieldEATS will adhere to strict Farm2Plate supply sourcing, guaranteeing no GMOs, no preservatives, no hormones, no artificial colors, and no fertilizers.
Create memories with Garfield, whether it is catering for an employee appreciation day, corporate luncheon, birthday party or special event. Our happiness development managers will be happy to help you create a memorable event.
Friends Happiness Center
Friends Happiness Center is designed to provide digital customer support and
excellent service boosting our friends – the customers - happiness and satisfaction
World’s 1st quick entergaging restaurant app.
Rise of QMR. Fall of QSR.
"The financials shown in this profile only reflect the sales of our US operations which we registered the company in January 2020. We actually started in Canada, and a breakout of the finances of our flagship can be found here in our Deck"
GarfieldEATS has financial statements ending December 31 2020. Our cash in hand is $0, as of February 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
GarfieldEATS plans to offer Garfield's favorite food - Garfield-shaped pizza, lasagna, spaghetti, Garficcino coffee, Garfield Treats, and smoothies - (Farm 2 Plate ingredients) + Garfield merchandise
GarfieldEATS hopes grow to 200 cities by 2024 as a food tech company embracing food robotics and kitchen automation bring Garfield's favorite food to 200 million fans worldwide.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Entergage Inc. was incorporated in the State of Delaware in December 2019.
Since then, we have:
Historical Results of Operations
Our company was organized in December 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.
Related Party Transaction
Refer to Question 26 of this Form C for disclosure of all related party transactions.
Liquidity & Capital Resources
To-date, the company has been financed with $478 in debt.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Entergage Inc. cash in hand is $0, as of February 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 12 months.
If we raise our minimum of fundraising target $50,000, we will be able to launch our ordering app and operate a small kitchen space for take-out and delivery orders. We hope (but cannot guarantee) to generate $40,000/year in revenues from the app and small kitchen.
If we raise at least $175,000, we will also be able to open a sit-down restaurant. We hope (but not guarantee) to generate $800,000/year in revenues from said restaurants. We would begin construction immediately after the conclusion of this Offering and hope to be open for business and generating revenues four months later. Our intent is to continue to open additional restaurants, capital permitting, at a rate of approximately 1 restaurant every four months. Our current plan is open in NY, then Chicago, then LA.
Expenses will incur immediately after this Offering from marketing, mobile app development, and possible restaurant construction.
The entity conducting this Offering will be the same entity opening the subsequent restaurants. In other words, the revenues generated from all the restaurants we plan on opening will go toward repaying investors.
The founding team also owns a Canada-based corporation with similar business model. There is no relationship between the two entities other than sharing officers.
If we raise our minimum target, we plan on raising capital one month after the conclusion of this Offering. If we hit our max target, we wait for approximately three years before raising capital again.
If need be, we can rely capital contributions from our Founders in addition to the funds raised from this Offering.
The mobile app may be subject to constant updates and upgrades and may deter orders,hence, a development team is assigned and dedicated to test constantly the app
Garfield trademark is owned by Paws Inc. All Rights Reserved. All artwork and store drawings and designs' approvals must be granted by the studio and may cause delay in the projects. However, our close relationship has proven to be productive and they are highly responsive.
Sourcing farm ingredients locally will cause delay in the project as operations team must do their diligence in the new region where the new restaurant/kitchen will be opened. However, we do have a list of farmers in our new prospective region where we plan to open.
New hiring and recruitment of employees will be required hence may cause delay in the project and opening the stores.
Our management team consists of 10 employees and experts, hence, may delay the project due to pressure and work overload. However, we are small but focused and highly productive to deliver on our promise.
Every location we plan to open GarfieldEATS must be communicated with the licencor for all approvals and permissions required as per our agreement
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
Pascal Haider is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.
Already have a Wefunder account? Login
Don't have a Wefunder account? Signup