3 Rivers Outdoor Co
A Hub For The Pittsburgh Outdoor Community
Overview
Raised: $53,101
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
27
% of Min. Goal
106%
% of Max. Goal
53%
Likelihood of Max
Avg. Daily Raise
$2,795
# of Investors
41
Momentum
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Year Founded
2016
Industry
Tech Sector
Location
Pittsburgh, Pennsylvania
3 Rivers Outdoor Co is raising funds on Honeycomb. The company is a prominent outdoor gear business based in Pittsburgh, specializing in providing new and used outdoor gear to enthusiasts. 3 Rivers Outdoor Co offers a wide range of products for various activities such as camping, hiking, fishing, kayaking, and more, with the goal of being a community-centered resource that connects people with their love for the outdoors. They take pride in offering high-quality gear and exceptional customer service. They have been serving the Pittsburgh outdoor community for five years and were recognized as the 'Clubhouse' for building community through Outside Magazine in 2022. Christine Iksic founded 3 Rivers Outdoor Co in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for strategic investments to improve the business: 70% will be allocated to debt refinancing, 25% to digital marketing, and the remaining 5% will be invested in community programming.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$769,839 |
$703,392 |
COGS |
$402,416 |
$387,491 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-63,761 |
$39,124 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$35,097 |
$53,969 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$332,293 |
$313,959 |
Short-Term Debt |
$190,028 |
$197,994 |
Long-Term Debt |
$59,900 |
$0 |
Total Liabilities |
$249,928 |
$197,994 |
Financials as of: 09/07/2023
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