North Cove Leisure Club
Early Stage
Entertainment backed by real estate and land conservation
Overview
Raised: $385,800
Total Commitments ($USD)
Platform
Vicinity
Start Date
07/28/2022
Close Date
04/28/2023
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$4,280,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,413
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
North Cove Leisure Club is raising funds on Vicinity. It is a destination location for tourists and locals to enjoy biking and hiking trails, elegant event spaces, and a disc golf course. The club spans 157 acres of Appalachian land in McDowell County, North Carolina, and the space is dedicated to nature, outdoor leisure, and recreation. North Cove Leisure Club has purchased the golf course and renovated the restaurant, and will open the restaurant and bar soon. Kyle Sims and Luke Peniston founded North Cove Leisure Club in December 2021. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $1,070,000. The campaign proceeds will be used to complete the construction of the restaurant, acquire more land, expand the outdoor bar and games, and improve the building.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$78,194 |
$0 |
|
COGS |
$20,208 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-125,168 |
$-125 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,501 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,041,992 |
$0 |
|
Short-Term Debt |
$63,451 |
$0 |
|
Long-Term Debt |
$907,209 |
$0 |
|
Total Liabilities |
$970,660 |
$0 |
Financials as of: 07/28/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.