THE FUTURE OF MEAT N' BONE
As Meat N' Bone marks its sixth anniversary, I want to take a moment to express my heartfelt gratitude to every one of you. Your unwavering support has been the driving force behind our journey, and without you, we wouldn't be where we are today. It's a story not everyone knows: just six years ago, we were operating out of a friend's restaurant (a big shoutout to Chef Martin), all while holding down multiple jobs. Today, we find ourselves incredibly blessed, with four amazing boutiques (one more on the way), two top-notch steakhouses, and a catering division serving five establishments and discerning clients. The world has changed, and so have we.
Our vision for Meat N' Bone has always been audacious, and we've pursued it on our terms. Looking back, 2023 was a fantastic year where we finally cracked the code on scaling our operations correctly. Now, we're setting our sights on more growth. We're planning to open four new boutiques this year, with locations in Tampa, Naples, Orlando (Florida), and somewhere in the greater Atlanta area.
I'm thrilled to announce that we've recently brought on board a Michelin Star Chef with an impressive background in some of the finest kitchens in France. He's working diligently on developing our line of salts, and rubs, and elevating the quality of all our products.
We are developing new partnerships with exciting brands for our Dry Aged Steaks and exploring craft beef with great brands. Today (midnight) we are launching some significant improvements to our Check-Out experience.
So a better website, more amazing products, more boutiques and a new line of products developed by one of the best Chefs in the world.
The future is shining brightly, but we need to secure the funds for our continued expansion. While we're in discussions with potential investors, we're particularly excited about the concept of crowdfunding. However, before we dive in, we want to gauge if this campaign would be successful. We plan to use Start Engine and follow Regulation Crowdfunding, regulated by the SEC. We've done all the groundwork, including financial reviews, bad actor checks, and valuations, but there's one more step - filing. It means some extra work for us moving forward.
You can learn more about it by clicking here. The website will ask you to reserve shares, there is no commitment.... it just basically will sign you up for additional bonuses / benefits if you CHOOSE to invest.
As for our financials, we're not quite ready to unveil everything publicly. But here's the scoop: we've hit seven figures in revenue in just five years. We're operating around the break-even point, and we've got the scaling game down pat. Companies like CrowdCow and Porters Road, with similar revenue, have achieved valuations exceeding $25 million.
Are we considering other options? Yes. After we announced our "Test of the waters" for StartEngine a few of our customers who work for PE and VCs reached out. Yes, we would love to hear from you as well.
In closing, we're on the brink of an exciting new chapter at Meat N' Bone, and I couldn't be more thrilled. Your unwavering support has been instrumental in our success, and I invite you to be a part of our next phase of growth. Let's take Meat N' Bone to new heights together, and I'm genuinely excited about the incredible journey ahead. You can always reply to this email if you have any questions or comments!
Thank you for being a part of our Meat N' Bone family.
CEO, Meat N' Bone
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