Coral Club

Coral Club

Early Stage

A new cocktail bar celebrating the creative spirit of East Nashville

A new cocktail bar celebrating the creative spirit of East Nashville

Overview

Raised to Date: Raised: $66,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/05/2024

Close Date

09/03/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$250.00

Pre-Money Valuation

$2,375,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

103

% of Min. Goal

133%

% of Max. Goal

53%

Likelihood of Max
extremely
Avg. Daily Raise

$3,897

# of Investors

29

Momentum
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Year Founded

2023

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Nashville, Tennessee

Business Type

Life Style

Coral Club, with a valuation of $2.38 million, is raising funds on Wefunder. It is a new cocktail bar in Nashville, Tennessee, celebrating the spirit of the city. Coral Club has 2,500 square feet of drinking space and an additional 1,300 square feet of seasonal rooftop deck and will bring about a vacation state of mind with its warm curves and biophilic design. The bar will be open year-round and will provide a safe and organic space for people to drink, gather, and make memories. Aaron Izaguirre, Kristopher Esqueda, Matthew Izaguirre, and Brice Hoffman founded Coral Club in February 2023. 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 the cost of construction, equipment, furniture, and furnishings.

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

$40,353

$0

Accounts Receivable

$0

$0

Total Assets

$175,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/05/2024
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Coral Club on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $2,375,000
Price per Share: $250.00

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