North Cove Leisure Club

Early Stage

Entertainment backed by real estate and land conservation

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Vicinity

Start Date

07/29/2022

Close Date

11/30/2022

Min. Goal

$300,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$10.00

Pre-Money Valuation

$4,280,000

Rolling Commitments $

Status

Active

Reporting Date

08/14/2022

Days Remaining

108

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Location

Marion, North Carolina

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

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: 07/29/2022
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North Cove Leisure Club on Vicinity 2022
$
Platform: Vicinity
Security Type: Equity - Common
Valuation: $4,280,000

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