We're raising a $750K Simple Agreement for Future Equity (SAFE) to launch our first location in April 2025. Your shares will convert to equity when we raise our next round toward the end of Year 2 (see  growth plan  for details). We will issue 1M total shares, with 10% going to SAFE investors, 10% in an option pool for team members, and 80% for the founders.

To ensure you have upside in our growth, we commit to cap the valuation for you at $7.5M. Below are 2 examples of how a $75K investment will convert to equity at Series A:

1. Series A @ $10M pre-money:

Conversion price = $7.5M (the cap) / 1M = $7.50 per share

Shares = $75K / $7.50 = 10K shares

Equity = 10K / 1M = 1% of the company*

2. Series A @ $5M pre-money:

Conversion price = $5M / 1M = $5 per share

Shares = $75K / $5 = 15K shares

Equity = 15K / 1M = 1.5% of the company*

*assumes no dilution; actual % ownership at Series A may be lower

Your investment will go toward renovation, equipment, service costs, and performance incentives outlined below. If you are interested in joining the SAFE, please fill out the contact form and Austin will reach out to you.