Pajama Factory
No pajamas here. Just 300,000 s.f. of diverse and creative space.
Overview
Raised: $160,000
Total Commitments ($USD)
Platform
Small Change
Start Date
01/07/2024
Close Date
04/30/2024
Min. Goal
$150,000
Max. Goal
$1,200,000
Min. Investment
$1,000
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,416
# of Investors
25
Momentum
Funded
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Year Founded
2007
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Capital Intensity
High
Pajama Factory is raising funds on Small Change. It is a complex of eight historic buildings being restored into a mixed-use development. Pajama Factory spans 300,000 square feet and is located in the City of Williamsport in Pennsylvania and will be developed into individual spaces for artists’ studios and retail, living, and community-facility spaces. The development is expected to have a huge demand due to its location as it is located close to convenience stores, a park, churches, antique stores, and public bus transportation. Mark Winkelman founded Pajama Factory in June 2007. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.2 million. The campaign proceeds will be used for the cost of construction.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$742,656 |
$836,803 |
|
COGS |
$745,565 |
$663,121 |
|
Tax |
$16,734 |
$18,534 |
| ||
| ||
|
Net Income |
$-2,909 |
$173,682 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$11,792 |
$23,264 |
|
Accounts Receivable |
$20,156 |
$25,355 |
|
Total Assets |
$2,071,949 |
$2,118,384 |
|
Short-Term Debt |
$1,435,000 |
$1,414,250 |
|
Long-Term Debt |
$1,190,779 |
$1,271,369 |
|
Total Liabilities |
$2,625,779 |
$2,685,619 |
Financials as of: 01/07/2024
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