The Ledger
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Ray: FoodScrooge signed an LOI in eight weeks, hitting $150K revenue
“So we actually signed our letter of intent to sell eight weeks after we launched. And within the four months that we were operating, we did about a 150,000 in revenue”
FoodScrooge was acquired for $100K upfront and a $2.1M maxed-out earnout
“So it was basically a 100,000 up front with a 2.1 million dollar purchase price, which we were able to max out based on the earn out agreement.”
Carnivore Club ships 5,500 monthly boxes, peaking at 8,000 during Christmas
“So we sent just over, I think, 8000 at Christmas time. And you know, so we probably two thirds of our sales are gift oriented. And on a typical month, like now we'd send around 5500 boxes”
Carnivore Club reached nearly $200,000 in sales in February 2016
“February, 2016, we did just shy of 200,000 in sales across Canada, the U S and Europe.”
Carnivore Club generated $1.3 million in revenue during fiscal year 2015
“Our year ends in in August, we did 1.3 million in 2015.”
Carnivore Club projected reaching $2.2 million in revenue for 2016
“We're aiming for about 2.2 in 2016.”