Alchemy Springs
Early Stage
An urban bathhouse paying homage to history and community.
Overview
Raised: $398,250
Total Commitments ($USD)
Platform
Small Change
Start Date
08/18/2021
Close Date
12/21/2021
Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment
$250
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$1.00
Pre-Money Valuation
$1,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,212
# of Investors
67
Momentum
Funded
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Year Founded
2021
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Alchemy Springs is raising funds on Small Change. The company aims to restore and transform the historic Sutro Baths building in San Francisco to build a hydrothermal bathhouse and spa. The project is designed by architect Olle Lundberg and will include steam saunas, cold plunges, moon baths, and outdoor sunbaths. Alchemy Springs is close to many tourist attractions and is targeted to open in the fall of 2024. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used to get the project to shovel-ready status and get the plans and permits approved.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$800 |
$800 |
| ||
| ||
|
Net Income |
$-4,401 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$19,515 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/18/2021
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