InnerG Juice & Yoga
A black woman-led wellness brand making wellness accessible via juice and yoga
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/04/2021
Close Date
04/22/2021
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($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
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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