BELIEVE Hotel Group
Early Stage
Luxury wellness retreats
Overview
Raised: $22,554
Total Commitments ($USD)
Platform
Netcapital
Start Date
06/25/2023
Close Date
06/28/2024
Min. Goal
$10,017
Max. Goal
$1,199,993
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$31.50
Pre-Money Valuation
$3,181,500
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/30/2024
Days Remaining
58
% of Min. Goal
225%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$73
Momentum
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Year Founded
2023
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
BELIEVE Hotel Group, with a valuation of $3.2 million, is raising funds on NetCapital. The company aims to develop luxury wellness retreats in certain destinations in the Mediterranean. The first development property of BELIEVE Hotel Group is Es Fangar in the valley of San Miquel, that will be revamped to create a center supporting well-being, recovery, and renewal. BELIEVE Hotel Group will also provide a personalized hospitality experience at its retreats with a focus on sustainability and luxury. Vaughan Nicholls founded BELIEVE Hotel Group in April 2023. The current crowdfunding campaign has a minimum target of $10,017 and a maximum target of $1.2 million. The campaign proceeds will be used for the Spanish corporate setup, surveys, architect and plan submission, project team, product development, systems, and professional fees.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$1,065 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,065 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/25/2023
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