Summit Environmental Contractors
Growth Stage
Environmental Solutions for a Sustainable Future
Overview
Raised: $102,484
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/01/2022
Close Date
06/30/2022
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$19,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$692
# of Investors
46
Momentum
Funded
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Year Founded
2008
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Summit Environmental Contractors, with a valuation of $19.5 million, is raising funds on StartEngine. It is an environment consulting and contracting company that helps to solve modern infrastructure challenges. The business works directly with public agencies and infrastructure contractors to remediate environmental pollution. Summit Environmental Contractors has a proven management team and growing customer base. David Aronne founded Summit Environmental Contractors in December 2008. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999. The campaign proceeds will be used to expand and scale the operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,883,734 |
$3,879,967 |
|
COGS |
$2,395,165 |
$2,738,280 |
|
Tax |
$43,209 |
$41,542 |
| ||
| ||
|
Net Income |
$285,217 |
$259,842 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$46,650 |
$225,625 |
|
Accounts Receivable |
$756,511 |
$731,352 |
|
Total Assets |
$762,009 |
$736,682 |
|
Short-Term Debt |
$225,355 |
$591,578 |
|
Long-Term Debt |
$45,667 |
$0 |
|
Total Liabilities |
$271,022 |
$591,578 |
Financials as of: 02/01/2022
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