Brightwood Design+Build
Residential Remodelers
Overview
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
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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