The Franklin
Early Stage
Historic Redevelopment
Overview
Raised: $950,643
Total Commitments ($USD)
Platform
Vicinity
Start Date
11/20/2022
Close Date
02/14/2023
Min. Goal
$725,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$11,184
Momentum
Funded
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
The Franklin is raising funds on Vicinity. The office project is located at 107, East Park Avenue in Greenville, South Carolina, and is undergoing a full historic rehabilitation, renovation, and addition of a redesigned parking lot. The historic site was built in 1917 and is currently a home converted into private offices. The renovation of The Franklin aims to preserve and highlight its original character while letting the next generation enjoy the historic site. Kurt Wallenborn founded The Franklin in October 2022. The current crowdfunding campaign has a minimum target of $725,000 and a maximum target of $1.24 million. The campaign proceeds will be used for project development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$-3,634 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/20/2022
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