Overview
Raised: $50,000
Total Commitments ($USD)
Platform
MainVest
Start Date
02/07/2023
Close Date
03/24/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
2.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,136
# of Investors
32
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 02/07/2023
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