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Prep To Your Door isn't accepting new investments

Prep To Your Door’s deadline was December 29, 2021

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Prep To Your Door

Organic, plant-based, zero waste meal delivery
B2C Women Founders Reduce, Reuse, Recycle Delivery Services Food Combat Carbon Plant-Based
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$345,598
Raised
589
Investors
Successfully funded and closed on December 29, 2021.
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Closed on December 29, 2021. Information may not be up-to-date. Campaign closed on December 29, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Prep to Your Door LLC . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Prep To Your Door Crowd SAFE Prep To Your Door Form C-A 09.24.2021.pdf Prep To Your Door Form C.pdf
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Hear from some of the 589 investors in Prep To Your Door


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Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • Zero-waste, plant-based, prepared meal delivery service
  • $1m+ revenue TTM (90%+ subscription)
  • 125% CAGR growth since 2018
  • Operations in Austin, expanding to Houston, DFW, & San Antonio in 2021/22
  • Founders have invested significant capital w/ no outside funding to date
  • Delivered 77,000 meals in 2020 using only 3,900 jars in a closed loop model

Problem


Convenience comes at a cost. Our food systems are devastating our health & the planet.

The way we grow, buy and process food is creating environmental consequences at unprecedented rates:

  • deforestation
  • soil degradation
  • ocean pollution
  • and ultimately, human health

The connection between food, health and planet is clear. However, even with an eagerness to change their eating habits, most Americans don’t know where to begin.

Solution


Delivering food that's good for you and the planet.

We deliver local, plant-based meals in reusable jars that are picked up and sanitized each week. Our closed loop, zero waste business model, facilitates the connection between human and planetary health.

Unlike typical meal delivery, Prep To Your Door creates a low impact:

  • Zero waste packaging to curb plastic pollution
  • Local supply chain to reduce food miles
  • 100% organic, plant-based menu to minimize carbon emissions, improve soil health, and increase physical wellbeing.


Our 2020 Impact

Product


Plant-based eating has never been this easy.

Reviving the closed loop model of the milk man, our product balances convenience and sustainability, with variety and health at its core. Here's how it works:

1. Pick your subscription for 5-20+ prepared meals.

2. In addition to our freshly prepared meals, choose from a variety of plant-based grocery items - such as nut milks, juices, yogurts, cheeses, cookies, and others. 

3. Our menu changes every week based on what's fresh and in season - login to customize your next delivery.

4. Receive your delivery in a reusable bag and enjoy!

5. Place your materials back on your porch for pickup upon your next delivery.

We sanitize all returned packaging, and like new, use again for the next week’s deliveries.

Every Prep To Your Door meal is prepared in house by our team of chefs, sourcing locally as much as possible.  

Our local CPG partners are vetted for the following criteria: zero waste packaging (reusable or compostable), organic, and plant-based, real food ingredients.


Traction


125% CAGR since 2018 

In 2020, Prep To Your Door sold 77,000 plant-based meals using only 3,900 jars.

Our average customer retention through 2020 is 61%, signifying strong product market fit and customer loyalty.

Our primary customer acquisition channels have been through unpaid organic marketing: 

1. Word of mouth: 36.5% 

2. Google: 29.6% 

3. Other (press, social media, etc.): 33.9% 

Our current LTV to CAC ratio is 9:1, which is 3x the industry standard for meal kits and e-commerce.

To date, we have not spent any material dollars on paid advertising. 

Based on prior testing and peer comps, we anticipate paid ads through Facebook and Google will yield ~ 4 - 6x ROAS (return on ad spend) for new customer acquisition.

This represents a significant unexploited opportunity to accelerate customer acquisition by investing in paid advertising.

Customers


Customers rely on Prep To Your Door to eat healthy and live sustainably.


Our customers rely on Prep To Your Door's weekly delivery to make their busy lives easier. Their purchase drivers are:

Our primary customer base is 35-55 year old women who are building a career, raising a family, or both. They are "on-the-go flexitarians" in search of fresh, healthy food options that are efficient and ready-to-eat.

The era of conscious consumerism is here. Our customers want to support a zero waste business, without compromising daily convenience.

Business model


100% plant-based food delivery subscription 

Prep To Your Door offers weekly deliveries D2C for 5, 10, 15, or 20 meal plans. 

  • 60% of revenue comes from the 5 meal plan (from $59.99)
  • 30% from the 10 meal plan (from $114.99)
  • 10% from the 15 and 20 meal plans (from $164.99 - 209.99) 


Market


We occupy three of the fastest growing niches within grocery. 

1. Online delivery - expected to more than double market share from $106B in 2020 to $250B in 2025. 

2. Prepared foods - 31% of online shoppers want ready-to-eat meals 

3. Plant-based foods - expected to reach $31.4B by 2026, from $14.2B in 2018

COVID-19 has driven major growth in global meal kit and e-grocery markets. 90% of e-grocery customers are expected to continue online shopping post-pandemic. 

Brick and mortar grocery growth is stagnant at 3% YOY, whereas online grocery shopping has grown by triple digits. Major grocers such as Kroger, Whole Foods, and HEB are investing heavily, through acquisition in e-grocery, delivery, and prepared foods offerings. 

  • Market leaders such as Whole Foods did ~$3B in prepared food sales in 2017. 
  • HEB acquired local Texas food delivery startup, Favor, for their delivery technology platform
  • Albertsons acquired meal-kit company Plated for $200m 

Over time, we see ourselves as the leader in ready to eat plant-based grocery delivery, combining the prepared food strategy of Whole Foods, with the delivery technology of DoorDash. 

We see the addressable market as broader than just meal prep alone. Our smoothies compete with Daily Harvest, our salads and bowls compete with Sweetgreen and True Food Kitchen, and our retail items compete with grocery stores like Whole Foods. We've added over 100+ items across five different categories and will continue to develop more. 

Competition


Say no to Greenwashing. 

The demand for sustainability is here.

Our customers see through greenwashing, and competitors attempts to switch to "fully recyclable" or "biodegradable" plastic packaging miss the mark.

Further, our food is made fresh every single week, whereas many meal prep companies are shipping frozen dinners inside plastic filled boxes. 

As a leading zero waste company in the space, we have built proprietary systems and processes to build our circular model. 

While competitors sacrifice quality for convenience, our customers don't have to make that trade off.

 This is easy, "fast food" that checks all the boxes.

Vision and strategy


Scale across the nation, without the waste. 

We have generated $1m+ in subscription revenue in the last twelve months.

Prep To Your Door has passed proof of concept without any material marketing spend. We are in a position to accelerate our growth through paid advertising:


Additionally, we will invest in data engineering and software that improve our ability to deliver customer value and support growing demand. 

Your investment will go directly into:

With these solutions established, we'll have the framework to expand geographically, improve operational efficiency, and deploy machine learning powered product suggestions.

All of these investments directly improve customer experience, and maximize marketing dollars in new markets. 

Funding


You can help us scale nationwide. 

We are now raising up to $1m to fund expansion in Texas. 

Our current facility will serve Austin, Houston, Dallas/Ft Worth, and San Antonio through 2023. 

By proving a regional model in Texas, we will raise a series A to expand to the Pacific Northwest and West Coast. 

Founders


From two co-founders to a team of 30 and growing 

Prep To Your Door co-founders, Faiez and Heather, are partners in life and business. They met in class at Harvard University, and quickly connected over their passion for sustainability, food systems and education. 

With an uncompromising commitment to sustainability, they invested significant personal capital, iterated quickly, and leveraged their growing business to serve the Austin community. Local acknowledgements include:

  • '19 Austin Young Chamber FAVE Sustainable Business
  • '20 & '21 Austin 40 Under 40 Award nomination
  • '21 Woman's Way Awards Business to Watch <$3M 

Prep To Your Door has attracted a team of over 30 teammates committed to realizing our shared vision: to transform the food system by leading through example.

Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Prep To Your Door occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$200

The smallest investment amount that Prep To Your Door is accepting.
Learn more

Maximum investment

$250,000

The largest investment amount that Prep To Your Door is accepting.
Learn more

Funding goal

$1M

The maximum amount the offering can raise is $1M.
Learn more

Deadline
Prep To Your Door needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Prep to Your Door LLC . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Prep To Your Door Crowd SAFE Prep To Your Door Form C-A 09.24.2021.pdf Prep To Your Door Form C.pdf

About Prep To Your Door

Legal Name
Prep to Your Door LLC
Founded
Feb 2018
Form
Texas LLC
Employees
14
Website
preptoyourdoor.com
Social Media
Headquarters
Google Map location of of Prep To Your Door
1000 East 5th Street 100 , Austin, TX
Headquarters
1000 East 5th Street, 100, Austin, TX, United States 78702

Prep To Your Door Team
Everyone helping build Prep To Your Door, not limited to employees

Profile picture of Faiez Rana
Faiez Rana
Co-Founder & CEO
Featured in Superheroes · Read
Profile picture of Heather Emerson
Heather Emerson
Founder
Profile picture of Nevia Lopez
Nevia Lopez
Director of Talent & Culture
Profile picture of Stephanie Chupp
Stephanie Chupp
Director of Fulfillment
Profile picture of Corey Ponder
Corey Ponder
Director of Operations
Profile picture of Molly Lefanowicz
Molly Lefanowicz
Director of Marketing
Profile picture of Carlos Montemayer
Carlos Montemayer
Head Chef
Profile picture of Jay Warrick
Jay Warrick
Tech Product Lead
Profile picture of Alex Rodriguez
Alex Rodriguez
Operations Manager
Profile picture of Meghan McCollum
Meghan McCollum
Community & Social Coordinator
Profile picture of Jon Scott
Jon Scott
Content Creator
Profile picture of Mimi K Tran
Mimi K Tran
Delivery Lead
Profile picture of Travis Meeke
Travis Meeke
Kitchen Team
Profile picture of April Diaz
April Diaz
Kitchen Team
Profile picture of Morgan Shea
Morgan Shea
Kitchen Team
Profile picture of Jenna Belevedere
Jenna Belevedere
Kitchen Team
Profile picture of Erik Rodriguez
Erik Rodriguez
Kitchen Team
15 more team members
Faiez Rana
Co-Founder & CEO
Nevia Lopez
Director of Talent & Culture
Stephanie Chupp
Director of Fulfillment
Heather Emerson
Founder
Corey Ponder
Director of Operations
Molly Lefanowicz
Director of Marketing
Carlos Montemayer
Head Chef
Jay Warrick
Tech Product Lead
Alex Rodriguez
Operations Manager
Meghan McCollum
Community & Social Coordinator
Jon Scott
Content Creator
Mimi K Tran
Delivery Lead
Travis Meeke
Kitchen Team
April Diaz
Kitchen Team
Morgan Shea
Kitchen Team
Jenna Belevedere
Kitchen Team
Erik Rodriguez
Kitchen Team

Press

Recipe of the Month
Google Docs Google Docs
·
Feb 1, 2021

Check out this yummy recipe from local healthy delivery service, Prep To Your Door!

Healthy and sustainable eating with Prep To Your Door
FOX 7 Austin FOX 7 Austin
·
Jan 25, 2021

Founder Heather Emerson and Co-founder/CEO Faiez Rana talk about the Austin-based meal delivery service.

Prep to Your Door
Citylifestyle
·
Jan 1, 2021

Prep To Your Door is Texas' newest, time-saving subscription service that offers healthy, ready-to-eat meals, sourced pri...

Edible Austin Magazine May/June 2021
Issuu Issuu

Yes, watermelon pizza, Prep to Your Door, hike and wine at awesome wineries, veggie farm and wayyyy more fun stuff.

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Prep To Your Door

Prep To Your Door successfully raised $345,598 from 589 investors on December 29, 2021
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Profile picture of Mate Andras Visky
Brian, Takashi, Erhan, Frank, Mate Andras, and 584 others invested. 91 Reviews
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