InnerG Juice & Yoga

InnerG Juice & Yoga

A black woman-led wellness brand making wellness accessible via juice and yoga

A black woman-led wellness brand making wellness accessible via juice and yoga

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/04/2021

Close Date

04/21/2021

Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/29/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Nashville, Tennessee

Business Type

Life Style

InnerG Juice & Yoga, a wellness brand, is raising crowdfunding on Wefunder. The company is promoting wellness through yoga and cold-pressed juice and plans to open its first yoga studio and juice bar in North Nashville in the spring of 2021. Nielah Burnett founded InnerG Juice & Yoga in 2017. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $150,000, will be used towards purchasing two vending machines, renovation of the juice bar and yoga studio, yoga classes for the virtual yoga studio, social media marketing, and local and national PR campaign. InnerG Juice & Yoga already has an established business, with the revenue of the juice business doubling from 2019 to 2020. The company also plans to launch a wellness app with streaming yoga.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$19,169

$21,498

COGS

$15,335

$17,198

Tax

$1,117

$2,643

 

 

Net Income

$-51,178

$-42,765

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,963

$4,505

Accounts Receivable

$0

$0

Total Assets

$26,057

$7,235

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/04/2021
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InnerG Juice & Yoga on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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