Be Part of Our Future
FEIN: 83-1251346
46 Brooks St. unit 3
East Boston MA
02128
Date 08/03/2024
Dear Friends,
The Iterum Foods expansion is here, we are going on the offensive. We are now opening our doors for a select group of investors to be part of our founding round. Iterum Foods has set in motion the foundation to progress the culinary culture around the country. A slow movement has been forming, with the evolution of fast food into the likes of chipotle and sweet green. Iterum Foods is not only a company; it's a web of interlocking systems that allow great food to be produced at any level and price point, and we're inviting you to apply to be at the forefront as a founding partner and angel investor. Chef Matthew McPherson, a culinary maverick is getting the reputation around the country as one of the most innovative and progressive, with a vision like no other, and the driving force behind Iterum Foods, is redefining the food industry starting in Boston, Massachusetts for a modern vertically integrated, multi-concept, food legion.
Our first venture, Cafe Iterum, has seen great feedback and sales in the East Boston community and now, after only our second year, is showing profit despite the numerous challenges of opening during COVID. We have consistently met revenue targets with $800,000 annually (cafeiterum.com). We are now looking to push it's success by restructuring debt from the opening and first year, while also injecting to push the project even further.
But we're just getting started! And we are now pushing higher while refining our systems. We're now poised to expand our supply chain and launch our next groundbreaking concept. We're projecting a staggering $5,000,000 in annual sales across with our stage 2 expansion. This is not just growth; it's a culinary explosion waiting to happen!
We're launching our seed funding round with a target of $5,000,000. This isn't just an investment; it's your ticket to the future of food service and hospitality.
With this founding round of capital, we will:
Build an unshakeable foundation for our company with systems and investing in people that will push it to a culinary unicorn.
Bring the revolutionary, and flag ship “Detritus Noodle Bar” to life
Bring the ownership of Cafe Iterum to 55%, refinance opening debt to increase cash flow and invest in refining systems to maximizing profit and made some need improvements
A line of cafe carts to supply underserved neighborhoods with great espresso.
Launch our Media and Content Brand that will pave the way for a future scalable revenue stream as well as build an enormous pipeline for new customers to our brick and mortar, online and consulting businesses, THIS is where we conquer and grow.
With our founding round we can push the next three projects open to get sales greater than 5 million per year with an expected profit of 10%. This could amount to $500,000 profit per year.
Founders offer:
Currently, all stock is held by our visionary founder, Matthew McPherson.
With 5 % going to Candace Blackwell and supporting staff for working with us for the past 5 years at the Cafe and other supporting work
We are looking to Sell 40% stake in the company to raise $5,000,000
This founding shares and gets first rights to all profits with a goal of no loans. So as soon as we start making profits we start paying investors.
Don't just watch the food industry evolve - be the force that drives it forward! This is more than an investment; it's a chance to reshape the culinary landscape of Boston and beyond.
The future of food is calling. Will you answer?
What's the next steps? Click here to sign a NDA and LOI to learn more and start the due diligence. You never want to rush in so lets
Together, we'll create culinary history!
Fearlessly forward,
Matt McPherson
Founder and Culinary Revolutionist
Iterum Foods
P.S. Remember, in the world of investments, the early bird doesn't just get the worm - it gets the whole garden. Don't let this opportunity slip through your fingers. Act now, and let's cook up a storm in the food industry!