Surf ATL
Foster the joy of riding waves. In Atlanta.
Overview
Raised: $63,400
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/05/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
5.00X
Rev. Share %
5.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$437
# of Investors
33
Momentum
Funded
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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.
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 |
Financials as of: 12/05/2023
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