Overview
Raised: $37,500
Total Commitments ($USD)
Platform
MainVest
Start Date
10/19/2021
Close Date
12/17/2021
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$647
# of Investors
48
Momentum
Funded
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Year Founded
2019
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Location
Rancho Mirage, Massachusetts
Rancho Relaxo is raising funds on MainVest. It is a department store in Rancho Valley, CA that sells apparel and objects made by craftsmen and artisans. The aim of the business is to empower local artisans and create objects that are beautiful, sustainable, and functional. Rancho Relaxo has a 295% monthly growth with a 51% gross margin and a social media following of 3,607. Stella Adena founded Rancho Relaxo in November 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $50,000. The campaign proceeds will be used to set up its vintage trailer Sunny.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$254,686 |
$49,042 |
|
COGS |
$170,897 |
$27,954 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-146,479 |
$-36,331 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$28,037 |
$76,659 |
|
Accounts Receivable |
$8,464 |
$8,464 |
|
Total Assets |
$139,623 |
$182,754 |
|
Short-Term Debt |
$65,877 |
$67,334 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$65,877 |
$67,334 |
Financials as of: 10/19/2021
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