North Shore Adventures
North of Boston's Foremost Adventure Kayak/SUP Tour, and Rental Company.
Overview
Raised: $59,400
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/12/2024
Close Date
05/28/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
15.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/26/2024
Days Remaining
31
% of Min. Goal
119%
% of Max. Goal
48%
Likelihood of Max
Avg. Daily Raise
$803
# of Investors
60
Momentum
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Year Founded
2022
Industry
Travel and Hospitality
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
North Shore Adventures is raising funds on Wefunder. It is an adventure kayak and SUP tour and rental company in Boston, Massachusetts. North Shore Adventures arranges several adventure tours and rents out adventure footwear, kayaking gear, camping equipment, and survival gear. The business has over 100 kayaks and SUPs and has been featured in Gloucester Daily Times, New England Living, and North Shore Magazine. Clayton Kern founded North Shore Adventures in December 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used as a down payment for purchasing the new property for the business.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$141,824 |
$132,984 |
|
COGS |
$18,466 |
$32,696 |
|
Tax |
$4,264 |
$3,917 |
| ||
| ||
|
Net Income |
$4,648 |
$3,356 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$24,008 |
$40,335 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$87,270 |
$91,846 |
|
Short-Term Debt |
$-202 |
$9,022 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$-202 |
$9,022 |
Financials as of: 02/12/2024
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