Brightwood Design+Build

Residential Remodelers

Overview

Raised to Date: Raised: $92,480

Total Commitments ($USD)

Platform

SMBX

Start Date

11/07/2022

Close Date

01/03/2023

Min. Goal

$50,000

Max. Goal

$124,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Interest Rate

8.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

185%

% of Max. Goal

75%

Likelihood of Max
Funded
Avg. Daily Raise

$1,622

Momentum
Funded
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Location

Washington, District of Columbia

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Brightwood Design+Build is raising funds on SMBX. It is a neighborhood builder and general contractor in Petworth, Washington, DC that makes simple, practical, and beautiful spaces for its clients. It is a full-service building company with an in-house interior designer and registered architect and aims to bring diversity and accessibility to the homeownership and renovation industry. Jasmine Niernberger and Noah Jacobs founded Brightwood Design+Build in December 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for human capital development, refinancing debt, automation and process improvement, and brand development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$433,364

$135,507

COGS

$283,317

$193,804

Tax

$0

$0

 

 

Net Income

$293

$-103,244

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$16,047

$9,089

Accounts Receivable

$19,131

$0

Total Assets

$69,315

$9,089

Short-Term Debt

$39,842

$29,633

Long-Term Debt

$0

$0

Total Liabilities

$39,842

$29,633

Financials as of: 11/07/2022
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Brightwood Design+Build on SMBX 2022
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Platform: SMBX
Security Type: Debt

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