Overview
Raised: $75,800
Total Commitments ($USD)
Platform
MainVest
Start Date
08/24/2022
Close Date
10/28/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
3.06%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,184
# of Investors
71
Momentum
Funded
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Year Founded
2019
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Rancho Relaxo is raising funds on MainVest. It is a department store in Rancho Mirage, California that sells wares related to the desert. The store celebrates the mystery and beauty of deserts and has a deep connection to the Coachella Valley. Rancho Relaxo supports the creation of objects that are functional, beautiful, and sustainable and empowers craftsmen and artisans. Stella Adena founded Rancho Relaxo in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for location buildout, fixtures and equipment, and operating capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$254,686 |
$27,954 |
|
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: 08/24/2022
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