About this raise

GolfSuites is raising funds through Reg A+ crowdfunding with Manhattan Street Capital as the Broker-Dealer. The company offers golf entertainment, events, performance, improvement, and fun for golfers through its hybrid concept. GolfSuites also hosts events for corporate and social gatherings in more than 400 cities. 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 a maximum target of $33 million. The campaign proceeds will be used to purchase, rebrand, or renovate existing facilities and fund the construction and development of a golf driving range and entertainment centres, marketing, and operational expenses.

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Investment Overview

Committed this round: $1,025,763

Deal Terms

Total Commitments

Platform
Manhattan Street Capital
Start Date
03/26/2025
Close Date
Not Provided
Min. Goal
$750
Max Goal
$33,000,000
Min. Investment

$750

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$15.00

Pre-Money Valuation

$288,856,050

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
175
Prior Founder Exits?
No
Founder Name
Gerald Ellenburg
Title
CEO

Financials

 Revenue -37.9% YoY
$5,502,120
as of Mar '25
 Cash on Hand
$46,000
as of Mar '25

Balance Sheet

Cash and Cash Equivalents

$258,979

Investment Securities

$0

Accounts and Notes Receivable

$530,892

Property, Plant and Equipment (PP&E)

$12,836,222

Property and Equipment

$12,836,222

Total Assets

$24,098,514

Accounts Payable & Accrued Liabilities

$2,661,575

Long Term Debt

$6,855,532

Total Liabilities

$18,326,899

Total Stockholders' Equity

$5,771,615

Total Liabilities and Equity

$24,098,514

Statement of Comprehensive Income Information

Total Revenues

$5,502,120

Costs & Expenses Applicable to Rev

$812,091

Depreciation and Amortization

$671,043

Net Income

$538,418

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: IndigoSpire CPA Group, LLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,450,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/26/2026 Manhattan Street Capital $288,856,050 $1,025,763 Equity - Common Active RegA+
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 Manhattan Street Capital 2025
Platform: Manhattan Street Capital
Security Type: Equity - Common
Valuation: $288,856,050
Price per Share: $15.00

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