Broads
Female-forward bar serving spirits that are woman-owned and honoring women in history
Overview
Raised: $75,660
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/21/2023
Close Date
04/22/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
5.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$620
# of Investors
119
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Broads is raising funds on Wefunder. It is a female-forward cocktail lounge that serves woman-owned spirits. Broads is creating an inclusive space that celebrates women and is mainly focused on stocking the bar with brands that are female-founded and female-led. The bar also plans to donate a percentage of its earnings to a non-profit dedicated to supporting women. Kristiana Mallo and Bailey Cole founded Broads in November 2022. 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 construction costs, decor and furnishings, graphic designer fees, staff training, and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-861 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$60 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$6,775 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/21/2023
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