The Building Center
Growth Stage
Building materials store
Overview
Raised: $14,046
Total Commitments ($USD)
Platform
Microventures
Start Date
11/07/2022
Close Date
03/08/2023
Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
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
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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