The Building Center

The Building Center

Growth Stage

Building materials store

Building materials store

Overview

Raised to Date: Raised: $14,046

Total Commitments ($USD)

Platform

Microventures

Start Date

11/07/2022

Close Date

03/07/2023

Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/30/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$117

# of Investors

43

Momentum
Not Funded
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Year Founded

2017

Industry

Retail Shops & Department Stores

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Marion, Kansas

Business Type

Life Style

The Building Center, with a valuation of $7 million, is raising funds on MicroVentures. It is a building materials store with two physical locations in Marion and Hillsboro, Kansas. The store caters to all the building needs of people, including lumber, roofing, tools, and appliances. The Building Center has won several awards in the small business community in Kansas and has generated $1.51 million in sales in 2022 through August. John Wheeler, Morgan Wheeler, and Jason Wheeler founded The Building Center in February 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1 million. The campaign proceeds will be used for vendor payables, new yard downpayment, ARF loan, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,470,088

$1,204,150

COGS

$1,019,927

$776,344

Tax

$4,596

$3,994

 

 

Net Income

$-193,691

$9,748

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$46,490

$98,035

Accounts Receivable

$38,379

$24,715

Total Assets

$609,605

$405,094

Short-Term Debt

$102,294

$46,020

Long-Term Debt

$1,104,690

$698,401

Total Liabilities

$1,206,984

$744,421

Financials as of: 11/07/2022
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The Building Center on MicroVentures 2022
Platform: Microventures
Security Type: Convertible Note
Valuation: $7,000,000

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