Kornr Store

Kornr Store

Small scale development

Small scale development

Overview

Raised this Round: Raised: $43,000

Total Commitments ($USD)

Platform

Small Change

Start Date

05/29/2022

Close Date

09/30/2022

Min. Goal
$25,000
Max. Goal
$200,000
Min. Investment

$500

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.00%

Term Length

5.0 years

Year Founded

2018

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Redford, Michigan

Business Type

Life Style

Kornr Store is raising funds on Small Change. The business is owned by Purpose8 Real Estate and plans to open at 6224 16th Street, Detroit. The building is planned to be renovated into a two-bedroom, one-bathroom residential rental unit with features including a community green space. The first floor of the same building will carry the Kornr Store selling essentials, including coffee, baked goods, personal goods, home goods, and small business products. Brinda Devine founded Kornr Store in December 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $200,000. The campaign proceeds will be used for development costs and renovations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$30,392

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/29/2022
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Kornr Store on Small Change 2022
Platform: Small Change
Security Type: Debt

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