Fort Defiance

Fort Defiance

The beloved restaurant in Red Hook, Brooklyn, has a bright future as a grocery and general store

The beloved restaurant in Red Hook, Brooklyn, has a bright future as a grocery and general store

Overview

Raised to Date: Raised: $159,225

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/27/2021

Close Date

05/22/2021

Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment

$250

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$6,369

# of Investors

215

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2007

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Life Style

Fort Defiance, a Red Hook, Brooklyn general store, is raising crowdfunding on Wefunder. The location was home to a beloved restaurant and now has a bright future as a grocery and general store. Fort Defiance General Store started in Spring 2020 as a weekly farm-share pickup and expanded offerings to meet the demands. The store plans to continue to expand to a more versatile menu, bigger selection of home goods, and more capacity for catering events. St John Frizell founded Fort Defiance in 2007. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $150,000. The raise proceeds will be used for the relocation of the business, labor and material costs, and new equipment. Fort Defiance has consistently been praised by the press and has an exciting future.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$901,709

$1,530,653

COGS

$456,699

$598,214

Tax

$7,724

$84,509

 

 

Net Income

$-365,519

$-1,434

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-14,731

$36,980

Accounts Receivable

$0

$0

Total Assets

$38,223

$93,774

Short-Term Debt

$531,392

$207,126

Long-Term Debt

$0

$0

Total Liabilities

$531,392

$207,126

Financials as of: 04/27/2021
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Fort Defiance on Wefunder
Platform: Wefunder
Security Type: Revenue Share

Follow company

Follow Fort Defiance on Wefunder

Buy Fort Defiance's Deal Report

Warning: according to the close date for this deal, Fort Defiance may no longer be accepting investments.

Fort Defiance Deal Report

Get KingsCrowd’s comprehensive report on Fort Defiance including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Fort Defiance is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Fort Defiance deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge