Fuel & Iron
Early Stage
Building a food hall and apartments in a historic building in downtown Pueblo, CO
Overview
Raised: $84,300
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/04/2021
Close Date
09/28/2021
Min. Goal
$70,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$100.00
Pre-Money Valuation
$207,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$407
# of Investors
105
Momentum
Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Fuel & Iron, with a pre-money valuation of $207,000, is raising funds on Wefunder. The company plans to develop a food hall and apartments in a historic building in Pueblo, Colorado. The project will revitalize Pueblo, with the apartments expected to be ready by November 2021 and the food hall by June 2022. Nathan Stern and Zach Cytryn founded Fuel & Iron in January 2019. The proceeds of the current crowdfunding raise, with a minimum target of $70,000 and a maximum target of $150,000, will be used for MEP engineering, energy modeling, civil engineering, marketing, food hall interior design documents, and pre-opening fees for food hall operator. Fuel & Iron will serve as the incubator for the next-generation restaurants in Pueblo, along with the 28 affordable housing units.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-8,603 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$97 |
$97 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$97 |
$97 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/04/2021
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