The Green Room Social Club
Arts
Overview
Raised: $28,250
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/20/2023
Close Date
08/31/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/03/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$673
# of Investors
20
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Location
PLACERVILLE, California
The Green Room Social Club is raising funds on Honeycomb. It is a live music venue in Placerville, California, that produces and promotes live music and entertainment. The Green Room Social Club has a robust calendar featuring different genres of arts, dancing, live music, comedy, and theater, and makes the artists reach their audience. The venue is fitted with the best-in-class video and audio equipment and stage and enables good quality video and audio recording. Jennifer Teie founded The Green Room Social Club in March 2019. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for refinancing high-interest debt, business growth and development, market research, marketing, and club member programs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$443,155 |
$0 |
|
COGS |
$438,434 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$4,720 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$164 |
$0 |
|
Accounts Receivable |
$84,422 |
$0 |
|
Total Assets |
$87,233 |
$0 |
|
Short-Term Debt |
$3,878 |
$1,589 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$3,878 |
$1,589 |
Financials as of: 07/20/2023
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