Incredible Tiny Homes

Incredible Tiny Homes

Growth Stage

Choose Tiny, Live Free

Choose Tiny, Live Free

Overview

Raised to Date: Raised: $499,562

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/13/2024

Close Date

06/11/2024

Min. Goal
$14,996
Max. Goal
$1,234,995
Min. Investment

$497

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.18

Pre-Money Valuation

$103,600,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

57

% of Min. Goal

3,331%

% of Max. Goal

40%

Likelihood of Max
likely
Avg. Daily Raise

$15,138

# of Investors

366

Momentum
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Year Founded

2016

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Newport, Tennessee

Business Type

Growth

Incredible Tiny Homes, with a valuation of $103.6 million, is raising funds on StartEngine. The company provides affordable, high-quality, and bespoke living solutions with its tiny and cozy homes. Incredible Tiny Homes provides classic to modern designs and full customization with elevated craftsmanship to suit individual needs. The business has sold thousands of homes and developed over 230 community lots and plans to expand into five Tennessee locations and beyond. Randy Jones founded Incredible Tiny Homes in March 2016. The current crowdfunding campaign has a minimum target of $14,996.10 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, marketing, company employment, growth and expansion, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$16,463,858

$10,971,947

COGS

$7,373,056

$10,023,224

Tax

$124,209

$-295,609

 

 

Net Income

$1,425,990

$-779,332

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,065,785

$1,139,168

Accounts Receivable

$5,527,148

$3,471,083

Total Assets

$20,611,491

$9,702,134

Short-Term Debt

$20,316,343

$10,832,976

Long-Term Debt

$0

$0

Total Liabilities

$20,316,343

$10,832,976

Financials as of: 03/13/2024
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Incredible Tiny Homes on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $103,600,000
Price per Share: $5.18

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