The Van Zant House
Early Stage
Birthplace of Southern Rock
Overview
Raised: $0
Total Commitments ($USD)
Platform
Fundme
Start Date
01/14/2021
Close Date
08/26/2021
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/25/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
The Van Zant House, historical property in Florida, is raising funds on FundMe. The property was the childhood home of Ronnie, Johnny, and Donnie Van Zant, known for their rock bands Lynyrd Skynyrd and .38 Special. The property is a work in progress and will be used for vacation rental. Todd Smith purchased The Van Zant House in 2015. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $500,000, and the proceeds will be used for repayment of debts and reserves for replacement. The Van Zant House is the cradle of Southern Rock and stands as a living tribute to the Van Zants.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$50,972 |
$48,317 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-63,358 |
$-12,455 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,717 |
$39,112 |
|
Accounts Receivable |
$10,405 |
$10,405 |
|
Total Assets |
$258,051 |
$158,909 |
|
Short-Term Debt |
$250,000 |
$87,500 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$250,000 |
$87,500 |
Financials as of: 01/14/2021
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