Carefree Cuisine provides top 8 allergen free frozen meals through retail and commercial foodservice channels. We are a first-mover and poised for aggressive growth in 2021. Three founders with over 70 years combined foodservice experience identified an extreme need in the foodservice space. As the industry stands now, food allergic consumers are largely neglected or ignored. Ten-percent of the population has a potentially fatal allergy or sensitivity, roughly 32 million people.
The food-allergic population is often given minimal options when dining away from home. The menus presented are often extremely limited, not safe or trustworthy. Food allergens can be present in the actual food ingredients, residue on kitchen equipment, or even airborne. Extreme risk is taken whenever the food-allergic dine away from home. Carefree Cuisine frozen meals are always top 8 allergen free and prepared in a sterile kitchen, with zero possibility of cross contact. Our kitchen is free of the top 8 allergens, FDA approved, and USDA inspected. Soy, Eggs, Dairy, Wheat/Gluten, Fish, Nuts, Tree nuts, and Shellfish are prohibited in our production facility. Our meals can go from the freezer to the table in less than five-minutes. There has never been ANY solution for the consumer, operator or host - until now! We are trailblazing the path for the allergen impacted, and all food operators, to feel safe and confident in what is provided in foodservice outlets across the country. Our recipes have been created by an award winning chef. The feedback we have received thus far has been outstanding. Our meals are convenient, affordable, and delicious!
Additionally, our market research indicates an extreme need in this space. The annual US foodservice market is $96 billion. The estimated annual allergen food market is $9.6 billion. Our pipeline is robust, consisting of several multi-million dollar national foodservice providers. These companies are active in every segment including healthcare, education, and national chain establishments. Conversations with these prospects are successfully moving along for a 2021 close. We are excited to capitalize on the entire food industry with our innovative allergen-free meal solutions. We have created distribution channels in both retail and commercial foodservice, and we're excited to grow and expand those channels next year. 2020 was a soft launch year for us, and we are prepared for the aggressive growth that is expected.
The funding we are seeking will be used to finalize our team, finance our large customer orders, expand our space, and increase our operating capacity.
Carefree Cuisine is excited to embark upon our first round of fundraising. We are seeking $500,000 through this round. Up to 20% of the company is available in 1% slices of $25,000.
Pre-Money Valuation: $2,000,000 (2.5x 2021 revenue projections)
Post Money Valuation: $2,500,000
Seeking investments starting at and in increments of $25,000 for 1%
20% of the company available
Target sell date 2025- $25 million
We look forward to talking with all interested investors.
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