The Building Center

Growth Stage
Building materials store
Overview
Raised: $14,046
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/26/2023
Days Remaining
Funded
% of Min. Goal
56%
% of Max. Goal
1%
Likelihood of Max
Funded
Avg. Daily Raise
$117
# of Investors
43
Momentum
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
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: 11/08/2022
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