Diversified Franchise Group Financing
Diversified Franchise Group, Inc., Corporation just filed form D announcing $700,000 equity financing. This is a new filing. Diversified Franchise Group was able to fundraise $400,000 so far. That is 57.14% of the financing offer. The total private financing amount was $700,000. The financing document was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Diversified Franchise Group is based in Florida. The filler’s business is Restaurants. The D form was filed by Brian Pappas Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 796 Cypress Crossing Trail, St. Augustine, Fl, Florida, 32095. Jeffrey Pappas is the related person in the form and it has address: 796 Cypress Crossing Trail, St. Augustine, Fl, Florida, 32095. Link to Diversified Franchise Group Filing: 000100487816000529.
Analysis of Diversified Franchise Group Offering
On average, companies in the Restaurants sector, sell 99.00% of the total offering amount. Diversified Franchise Group sold 57.14% of the offering. The fundraising is still open. The average fundraising size for companies in the Restaurants industry is $302,000. The total amount raised is 32.45% bigger than the average for companies in the Restaurants sector. The minimum investment for this fundraising was set at $1000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Diversified Franchise Group Also
The Form D signed by Brian Pappas might help Diversified Franchise Group, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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