Black-owned food chain launches community investment campaign
A black-owned business called Supreme Foods Franchising (SFF) offers community investors the opportunity to help build multigenerational wealth through a concept of shared prosperity. According to a press release, the Atlanta-based franchise management company aims to become the nation’s premier crowdfunding ecosystem for entrepreneurs and investors interested in the quick service restaurant (QSR) industry. Supreme Food Franchising’s crowdfunding campaign, #SupremeFounders, would appeal to accredited and non-accredited investors. The goal is for the effort to become the largest equity-focused crowdfunding raised to date, for the general public to invest in a global black-owned franchise. SFF will serve as the development arm for Supreme Foods Worldwide.
“SFF will develop and expand two leading fast food brands: Supreme Burger and Supreme Fish Delight, with more than 11 franchise locations. SFF will launch its highly anticipated equity fundraising using The Reg CF Titled #SupremeFounders, the crowdfunding campaign will target accredited and non-accredited investors,” according to the press release.
Additionally, loyal customers and members of the public have the opportunity to purchase shares of the company in exchange for an equity stake. The Jumpstart Our Business Startups (JOBS) Act was signed into law by former President Barack Obama in 2012. In part, it may allow companies like Supreme Foods Franchising to use crowdfunding to offer and sell securities to the general public. .
Waleed Shamsid-Deen, President and CEO of Supreme Foods Worldwide, explained why the company is inviting corporate and mission backers and supporters to join them first in raising these funds, instead of partner with venture capital or private equity.
“We believe we can continue to accelerate growth and deliver more economic empowerment, together,” Shamsid-Deen said in the press release.
SFF is a black-owned, multi-generational family franchise with locations in the Atlanta, Georgia metro area. Click here to learn more about the SFF campaign.