Hook & Irons Golf and Social Lounge (2023)

Hook & Irons Golf and Social Lounge (2023)

Closed: Mar. 2023

About this raise

Hook & Irons Golf and Social Lounge is raising funds on MainVest. It is an upcoming bar and lounge in Pennsville, New Jersey. The bar and lounge will serve as a golf simulator and entertainment venue for corporate outings, friend groups, date nights, and parties. Hook & Irons Golf and Social Lounge is strategically located and aims to become the go-to place for people of all age groups. Fred Ayars and Johnny Maxwell III founded Hook & Irons Golf and Social Lounge in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for interest payments during construction.

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Investment Overview

Invested this round: $50,000

Deal Terms

Total Commitments

Platform
MainVest
Start Date
02/08/2023
Close Date
03/24/2023
Min. Goal
$25,000
Max Goal
$50,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

2.00%

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Salem, New Jersey
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Fred Ayars
Title
Manager
Founder Name
John Maxwell III
Title
Manager

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$5,824
as of FY2021
 Runway
0.5 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-69,884

$-125,102

Summary Balance Sheet

FY 2021 FY 2020

Cash

$3,106

$35,088

Accounts Receivable

$0

$0

Total Assets

$398,150

$438,034

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/24/2023 MainVest - $50,000 Revenue Share Funded RegCF
08/26/2022 MainVest - $56,400 Revenue Share Funded RegCF
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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.

Employee History

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Hook & Irons Golf and Social Lounge on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Hook & Irons Golf and Social Lounge may no longer be accepting investments.

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