Real Eats Capital

RealEats is a subscription based vacuum-packed meal service. We source, produce, and ship all of our food from Geneva, NY. We currently operate out of a 5,000 SqFt kitchen employing around 30 people. Please see below for our specific plans for 2018 as well as the capital building funds we will expect to need in 2019 & 2020. These include labor and revenue statistics. We also have drawings detailing how we plan to expand in the facility and would be happy to share those files with you. 2018 Geneva Employees (EoY) -- 80 Total NYS Employees (EoY) -- 118 Weekly Meals Shipped (EoY) -- 31,000 Yearly Net Sales --$6 million Yearly Labor Spend -- $1.2 million Yearly COGS Purchases -- $3.3 million ------------------------------------------------ Required CapEx Funds -- $1.5 million Funds for R&D -- $200,000 Funds for Training -- $118,000 Funds for Job Creation -- $59,000 ------------------------------------------------ Total Funds Requested -- $1.9 million 2019 Geneva Employees (EoY) -- 378 Total NYS Employees (EoY) -- 441 Weekly Meals Shipped (EoY) -- 164,000 Yearly Net Sales -- $70 million Yearly Labor Spend -- $9.8 million Yearly COGS Purchases -- $24 million ------------------------------------------------ Required CapEx Funds -- $2.5 million Funds for R&D -- $400,000 Funds for Training -- $323,000 Funds for Job Creation -- $161,500 ------------------------------------------------ Total Funds Requested -- $3.4 million 2020 Geneva Employees (EoY) -- 495 Total NYS Employees (EoY) -- 573 Weekly Meals Shipped (EoY) -- 318,000 Yearly Net Sales -- $153 million Yearly Labor Spend -- $17.4 million Yearly COGS Purchases -- $49 million ------------------------------------------------ Required CapEx Funds -- $8.8 million Funds for R&D -- $1,000,000 Funds for Training -- $132,000 Funds for Job Creation -- $66,000 ------------------------------------------------ Total Funds Requested -- $9.9 million
Program Name:
Excelsior Jobs Program
Agency ID:
ESD
Applicant Name:
Real Eats America, Inc.
Region:
Finger Lakes
CFA Award Amount:
$1,237,500
Grant Money Disbursed to Date:
$0

Project Status:
Green
Anticipated Completion Date: