Saranac Lake Community Store
Our Store is the first & only community-owned department store in the Northeast.
Overview
Raised: $74,500
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/07/2018
Close Date
10/31/2018
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$250
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2018
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$421
# of Investors
123
Momentum
Funded
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Year Founded
2007
Industry
Retail Shops & Department Stores
Tech Sector
Location
Saranac Lake, New York
Saranac Lake Community Store is the first and only community-owned department store in the Northeast. They sell apparel for all family members, home essentials, crafts, yarns, locally made products, and books. Located in Saranac Lake, NY, their goal is the be the ultimate visitor destination for people that travel to their town and the ultimate go-to shop for all residents when it comes to essential items. So far, they’ve established themselves as a vital community resource -- their customer conversion rate is over 40%, they’ve been featured on the front page of the NY Times’ Sunday Business Section, and they’ve had over 1,800 people sign up for their Customer Rewards Program. With this campaign, Saranac Lake Community Store plans to open an e-commerce site, as well as go through a rebranding to help get their name out their more.
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