Surf ATL

Surf ATL

Closed: Apr. 2024

About this raise

Surf ATL is raising funds on Wefunder. It is a family-friendly surf park in Atlanta, Georgia, that is driven by the joy of wave riding. Surf ATL aims to make wave riding accessible and joyful for surfers and serve as a strong community hub to promote local culture and inclusive interaction. The surf park will offer experiential events and activities, lodging and glamping, food and beverages, training and tips, and sustainability initiatives. Spencer Broome founded Surf ATL in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for working capital to develop the surf park.

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Investment Overview

Invested this round: $63,400

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/06/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

5.00X

Rev. Share %

5.00%

Company & Team

Company

Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Atlanta, Georgia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Spencer Broome
Title
President

Financials

 Revenue
$15,924
as of FY2022
 Cash on Hand
$25,000
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$15,924

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$25,000

$0

Accounts Receivable

$0

$0

Total Assets

$25,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder - $63,400 Revenue Share Funded RegCF
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Add to portfolio
Surf ATL on Wefunder 2023
Platform: Wefunder
Security Type: Revenue Share

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Warning: according to the close date for this deal, Surf ATL may no longer be accepting investments.

Surf ATL Deal Report

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