About this raise

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.

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Investment Overview

Invested this round: $1,922,778

Deal Terms

Total Commitments

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

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$12.50

Pre-Money Valuation

$231,756,288

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Riverview, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
200
Prior Founder Exits?
No
Founder Name
Gerald Ellenburg
Title
CEO

Financials

 Revenue +95% YoY
$8,853,965
 Cash on Hand
$674,144

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
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,086,799
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/23/2023 Dalmore Group $231,756,288 $1,922,778 Equity - Preferred Funded RegA+
12/21/2022 Dalmore Group $229,103,337 $3,360,876 Equity - Preferred Funded RegA+
02/18/2022 Dalmore Group - $3,756,079 Equity - Preferred Funded RegA+
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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GolfSuites on Dalmore 12/2022
Platform: Dalmore Group
Security Type: Equity - Preferred
Valuation: $231,756,288
Price per Share: $12.50

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

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