The Van Zant House

The Van Zant House

Closed: Aug. 2021

About this raise

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Fundme
Start Date
01/15/2021
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    Open SEC Filing

Valuation Cap

Uncapped

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Jacksonville Beach, Florida
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Todd Smith
Title
CEO

Funding data not publicly available

Financials

 Revenue +6% YoY
$50,972
 Monthly Burn
$5,280
 Runway
0.7 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/26/2021 Fundme - $0 SAFE Not Funded RegCF
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The Van Zant House on FundMe
Platform: Fundme
Security Type: SAFE

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