Local do-good restaurant enterprise Everytable wins big on ABC's Shark Tank
Everytable gets the money Last night's episode of ABC hit business series Shark Tank showcased a local name: Everytable. The company carr...
From
849 investors
Raised $291,268 from 849 investors on April 2, 2018
Closed on . Information may not be up-to-date. Campaign closed on . Information displayed may not be up-to-date.
On almost every major street corner in America, fast food joints sell burgers, fries, and chicken nuggets. These multi-billion dollar businesses have become the landscape of America, the food system itself.
But the world is changing. People are searching for healthier, fresher fare.
There has been an explosion in demand for nutritious, fresh, and convenient meals, but only in certain markets and at high price points.
Yet there are companies profitably serving all markets at low prices.
Demand for healthy food is exploding, but the truth is that when salads cost $13 and green juice costs $9, healthy food has become a luxury most people can't afford.
And there are some communities, called food deserts, that have virtually no access to healthy food at all.
Everytable aims to redefine the food landscape the same way McDonald's did fifty years ago. But this time, instead of burgers and fries, we are selling nutritious, fresh food, at fast-food prices.
Centralized production results in incredible efficiencies in the kitchen and makes our locations significantly cheaper to build and operate. They only need enough space to store our delicious food and can be run by a couple employees!
We have locations in food deserts and in affluent areas. To ensure that everyone can afford our meals, we price them according to the neighborhoods we serve.
Quarterly Revenue
Yelp Reviews and Ratings
Covered by 200+ Media Outlets: Over 2B Media Impressions
The above graphic includes forward-looking statements. Actual results may differ from forecast.
Our Story
In 2013 Sam Polk, a former hedge fund trader, founded a nonprofit called Groceryships to address food-related health problems in South LA, where the average income is $13,000 a year, life expectancy is 10 years lower than more affluent areas, and diseases like obesity and diabetes are alarmingly high. Groceryships began helping family food providers make healthy choices through nutrition education, cooking classes, free produce, and support groups.
In 2014 David Foster, a former private equity professional, was so inspired by a Groceryships event that he decided to join the nonprofit full-time.
That year, Sam and David began hearing from Groceryships participants that while fresh produce was great, they often had to buy food on the go because they were juggling multiple jobs and large families. And in South LA, their only options were fast food.
Sam and David saw an opportunity to help families like these. So they created a model for a new company that would sell nutritious food in “food deserts” like South LA at prices competitive with fast food.
Groceryships was built on the belief that every life is equally important. Sam and David wanted this core value embedded in the new company, so they called it Everytable, reflecting a mission to bring healthy, affordable food to every table in the country, with no one left out.
Everytable, PBC was formed as a Delaware Public Benefit Corporation, which means that this mission is legally embedded into the company's legal structure.
Sam Polk, Co-founder & CEO
Sam is Co-founder and CEO of Everytable. He’s also the founder and Executive Director of the non-profit Groceryships. Prior to becoming a social entrepreneur, Sam was a hedge fund trader on Wall Street. After noticing families in low-income areas struggling with access to nutritious food, he started Groceryships, a non- profit working at the intersection of poverty and obesity. Sam’s memoir, For The Love of Money, was published in July 2016 by Scribner. He is a graduate of Columbia University.
David Foster, Co-founder
David is Co-founder of Everytable. David began his career in private equity and investment banking, most recently as a VP at Aurora Capital Group, an LA-based private equity firm. David has always had a passion for social entrepreneurship, which led him to volunteer for Groceryships and eventually join as the Director of Operations. He attended the University of Michigan and earned a degree from the Ross School of Business.
Anar Joshi, VP of Marketing
Anar is VP of Marketing for Everytable. Anar first gained extensive product marketing skills working with startups to build online consumer experiences. With a strong desire to create a lasting community impact, Anar began volunteering with the team in 2015, and later joined full time. Prior, Anar worked in advertising at BBDO Worldwide in New York and PayPal in the Bay Area. Anar is a graduate of University of California, Berkeley's School of Engineering.
Johnny Yoo, Culinary Director
A native of Los Angeles, Johnny Yoo brings exotic flavors and a deep understanding of the LA dining scene to the Everytable menu as Culinary Director. Chef Yoo’s interest in food began during his time living in Hawaii and experiencing the cuisine--so much so that when he returned to LA, he enrolled in culinary school. He began his career at Koi under Chef Rodelio Aglibot and spent the following 15 years in pursuit of honing his knowledge, skills, and experience in the kitchens of renowned chefs including David Myers (Sona), Brendan Collins (Melisse), Christopher Eme (Ortolan) and Roy Choi (A-Frame).
Join us in reshaping the American food system to make nutritious, fresh food accessible and affordable for all.
Together we can make the world a healthier and more equitable place.
$30,000,000
The maximum valuation at which your investment converts
into equity shares or cash.
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10%
If a trigger event for Everytable occurs, the discount provision
gives investors equity shares (or equal value in cash) at a reduced price.
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Crowd SAFE
·
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A SAFE is a Simple Agreement for Future Equity. An investor makes a cash investment in a company, but gets company stock at a later date, in connection with a specific event. The Crowd SAFE is a modified SAFE that is better suited for crowdfunding.
$50,000 – $1,070,000
Everytable
needs to raise
$50K
before the deadline.
The maximum amount
Everytable
is willing to raise is
$1.07M.
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Everytable needs to reach their minimum funding goal before the deadline
().
If they don’t, all investments will be refunded.
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I liked the idea/goal, and believe folks need this type of healthy fast food source. Good luck.
I invested because the food we eat today is processed, pre-packaged, and generally not good for us. Everytable will set a precedent on healthy fast-food. I'm excited to be apart of it.
I have been eating meals from Everytable for nearly a year now in their main (South LA) store, so I bask in their mission & am grateful to help extend their outreach where they envision. It's a genuine joy to continue purchasing food there regularly.
Everytable is reimagining fast food with fresh, nutritious meals everyone can afford. Through our revolutionary model, every meal purchased helps us open locations in underserved communities of LA, where meals are sold at discounted prices.
A food desert is a low-income neighborhood with little or no access to healthy, fresh food. Across America, 23.5 million people live in food deserts (Source). By pricing our meals according to the neighborhoods we serve, we are building a healthier, more equitable food system.
We started by creating an efficient, lean business model that enables us to offer fresh, made-from-scratch food at extraordinarily low prices. We then analyzed the incomes in the neighborhoods where we’re located and set prices designed to ensure our meals are affordable for the local community.
We’re the first to bring a variable pricing model to the industry. We believe healthy food is a human right, and wanted to build a business that made fresh, nutritional food accessible to everyone, in every neighborhood.
No. Rohan continues to be a great supporter of Everytable, but ultimately we did not agree to accept his investment.
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