North Cove Leisure Club
Early Stage
Entertainment backed by real estate and land conservation
Analytics
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
Avg. Daily Raise
$0
Momentum
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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
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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