Food Equipment Co.

FEC is a B2B ecommerce company providing commercial food equipment to the food service industry.

  • Stage $3M in TTM Revenue
  • Industry Internet / Web Services
  • Location Boulder, CO, US
  • Currency USD
  • Founded January 2015
  • Employees 7
  • Incorporation Type S-corp
  • Website foodequipco.com

Company Summary

Food Equipment Company plans to be the eCommerce leader in the $11B commercial food equipment industry. In our first ten months, we generated approximately $3,000,000 in revenues and are cash-flow positive.

We will accomplish our growth goals through:

(1) being the low-price leader
(2) providing industry-leading customer service
(3) our customized market segment experiences

Team

  • Philip ran Liquid Enterprises, a successful used commercial equipment business, in Denver for more than 10 years. His primary customers were Top 100 grocery chains, commissaries and bakeries. Prior to Liquid Enterprises, Philip worked in sales for Kroenke Sports and the Atlanta Braves. Even earlier, he was one of the first 50 employees at Croc’s.

  • Jeff Wells
    Head of Data Analytics

    Jeff has 20-year background in technical and managerial roles performing financial analysis. He worked 8 years for MCI developing client solutions for multi-million dollar projects. He has expert-level experience in Excel, VBA, financial analysis, large batch transactional accounting and many software suites.

  • Controller

    Jack has been a CPA for 15+ years. Jack worked as the financial specialist in the Finance and Development Department at Quizno’s VC group (BFF) in Denver. Prior to that time, he was the CFO and controller for a bison wholesaler during its 5-year growth from $3 million to $38 million in annual revenues.

  • Mitchell Magdovitz
    Director of Operations

    Mitchell has nearly 15 years of experience working in technology and other product companies ranging from transportation services (similar to Uber and B-Cycle) to web-based medical services. While his primary roles have been in business development, he has held significant responsibilities in customer experience, operations and corporate recruitment.

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