African-American business owners seek to do more than survive; they aim to be a thriving enterprise.
Supreme Foods Franchising, Inc. announced their bid to become the first Black-owned publicly-traded quick-service restaurant franchise. Access to capital is the main detriment to sustainment of Black-owned businesses with only 1% of venture capitalist investing. As a result, Supreme Foods Franchising is going another route by including the community in their growth. The company is currently offering a Reg CF, a crowdfunding campaign via trucrowd.com. Investors will participate as an owner in a holding company with a $20 million pre-money evaluation.
Born from a 40-year family-run business, today, the Supreme brand represents more than restaurants; it is about family, customers, franchisees, and community and legacy. The company has garnered loyal customers, international partners, and even celebrity endorsers like Q Parker from the R&B group 112.
“We are business owners who believe in building opportunities for our community through entrepreneurship and job creation,” said CEO Waleed Shamsid-Deen. “Supreme Foods wants to do more than survive; we want to be a thriving enterprise but we cannot do that without the community’s help. The only way to get there is together. ”
“An investment in Supreme is an investment into the economic ecosystem of the Black community,” said Dr. Quiana M. Shamsid-Deen. “Economists project that African Americans will be at zero net wealth by the year 2053, and it will take us 228 years to catch up to the wealth of whites. We do not have 228 years to close the racial wealth gap; crowdfunding presents an opportunity to help us become a prototype solution now. It’s about building the tables, not just waiting on seats. “
The husband and wife duo say there are four ways to help:
1) For those interested in franchising or know someone who would be, visit www.supremefoodsworldwide.com
2) For those interested in investing as little as $500, visit www.InvestInSupreme.com
3) Anyone interested in the Supreme story can share it on social media and other online channels.
4) Lastly, support by frequenting any of their 10 Metro Atlanta locations or Supreme Burger in Playa Del Carmen, Mexico.