GolfSuites

Growth Stage

Golf that is Fun, Minus the Hassle

Overview

Raised to Date: Raised: $1,316,607

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

12/22/2022

Close Date

05/23/2023

Min. Goal

$750

Max. Goal

$25,000,000

Min. Investment

$750

Security Type

Equity - Preferred

Series

Seed

Funding Type

RegA+

Price Per Share

$12.50

Pre-Money Valuation

$231,756,288

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

110

% of Min. Goal

175,548%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$31,348

# of Investors

327

Momentum
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Location

Riverview, Florida

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

GolfSuites is raising funds with Dalmore Group as the Broker Dealer through Reg A+ crowdfunding. The company offers golf entertainment, events, performance, improvement, and fun for golfers through its hybrid concept. The company also hosts events for corporate and social gatherings. The entertainment centers of GolfSuites enable high-tech gamified golf in climate-controlled environments and spaces for social and corporate functions. Gerald Ellenburg founded GolfSuites in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $25,000,000. The campaign proceeds will be used for the purchase and renovation of facilities, construction and development of golf driving range and entertainment centers, marketing, and operational expenses.

Balance Sheet

Cash and Cash Equivalents

$674,144

Accounts and Notes Receivable

$386,581

Property, Plant and Equipment (PP&E)

$8,629,771

Total Assets

$21,177,174

Accounts Payable & Accrued Liabilities

$754,375

Long Term Debt

$18,074,978

Total Liabilities

$20,181,789

Total Stockholders' Equity

$712,011

Total Liabilities and Equity

$21,177,174

Statement of Comprehensive Income Information

Total Revenues

$8,853,965

Costs & Expenses Applicable to Rev

$1,246,701

Depreciation and Amortization

$1,104,196

Net Income

$697,690

Earnings Per Share - Basic

$-0.04

Earnings Per Share - Diluted

$-0.04

Auditor: IndigoSpires CPA Group, LLC
Financials as of: 12/22/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GolfSuites 05/23/2023 Dalmore Group $231,756,288 $1,316,607 Equity - Preferred Active RegA+
GolfSuites 12/21/2022 Dalmore Group $229,103,337 $3,360,876 Equity - Preferred Funded RegA+
GolfSuites 02/18/2022 Dalmore Group - $3,756,079 Equity - Preferred Funded RegA+
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GolfSuites on Dalmore 12/2022
$
Platform: Dalmore Group
Security Type: Equity - Preferred
Valuation: $231,756,288
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

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Follow GolfSuites on Dalmore 12/2022
View on Dalmore Group