Flower City Union
Early Stage
Rochester history in the making, a soccer club offers fans equity ownership
Overview
Raised: $47,426
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/08/2022
Close Date
03/31/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$150
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$2,502,500
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/01/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$161
# of Investors
138
Momentum
Not Funded
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Flower City Union, with a valuation of $2.5 million, is raising funds on Wefunder. It is a professional soccer club for the community and is rooted in the city of Rochester. The professional club is committed to impacting the city positively by fielding a champion-caliber club and supporting the development of youth soccer. The investors or fan owners in Flower City Union will have representation in the governance of the club and receive benefits and special access at every level. James Paola founded Flower City Union in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for player and coach salaries, team travel, NISA dues to launch the club, and general administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$21,195 |
$0 |
|
COGS |
$528 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-68,352 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$29,107 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$142,734 |
$0 |
|
Short-Term Debt |
$1,087 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,087 |
$0 |
Financials as of: 06/08/2022
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