Garage ADUs

Early Stage

Efficiently converting garages into affordable work force housing

Analytics

Raised to Date: Raised: $110,000

Aggregate Commitments $

Platform

Small Change

Start Date

08/19/2022

Close Date

02/01/2023

Min. Goal

$100,000

Max. Goal

$250,000

Min. Investment

$1,000

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$20,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

10/02/2022

Days Remaining

122

% of Min. Goal

110%

% of Max. Goal

44%

Likelihood of Max
extremely
Avg. Daily Raise

$2,500

# of Investors

9

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Oakland, California

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Garage ADUs is raising funds on Small Change. The company converts garages into affordable and efficient workforce housing units. The mission of the company is to increase workforce rental housing and homeowners’ income and provide multi-generational living at a low cost. Garage ADUs has constructed a studio conversion in San Jose, CA, and a second 1-bedroom in Burlingame, CA, is under construction. The business has construction approvals in hand and has launched several incentive programs. Rebecca Miller founded Garage ADUs in January 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for construction, expansion, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$210,110

$302,571

Tax

$0

$0

 

 

Net Income

$-422,238

$-424,531

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,739

$0

Accounts Receivable

$0

$0

Total Assets

$19,739

$0

Short-Term Debt

$410,324

$235,797

Long-Term Debt

$0

$0

Total Liabilities

$410,324

$235,797

Financials as of: 08/19/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Garage ADUs on Small Change 2022
$
Platform: Small Change
Security Type: SAFE
Valuation: $20,000,000

Follow company

Follow Garage ADUs on Small Change 2022
View on Small Change
Bullish / Bearish
You're Bullish on Garage ADUs on Small Change 2022

Thank you for your vote on Garage ADUs on Small Change 2022

Bullish / Bearish
You're Bearish on Garage ADUs on Small Change 2022

Thank you for your vote on Garage ADUs on Small Change 2022