Treefort Music Fest

Treefort Music Fest

Growth Stage

Festival better. Invest in a fest that starts with community.

Festival better. Invest in a fest that starts with community.

Overview

Raised this Round: Raised: $361,283

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/02/2020

Close Date

06/23/2021

Min. Goal
$50,001
Max. Goal
$1,050,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$21.00

Pre-Money Valuation

$20,000,000

Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Location

Boise, Idaho

Business Type

Life Style

Treefort Music Fest, with a $20 million pre-money valuation, is raising crowdfunding on Wefunder. It is a five-day festival, which is more than just a music festival. The fest functions as the hub and multiplier of Boise’s creative capital and economy and energizes Boise’s cultural and economic ecosystem. Treefort Music Fest was founded by Lori Shandro, Eric Gilbert, Drew Lorona, and Megan Stoll, and is partly owned by Decker Rolph and John Michael Schert. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,001 and a maximum goal of $1,050,000, will be used to cover the losses due to postponement of the festival and pay the team. Treefort Music Fest has sold over 40,000 full festival passes and had 133,000 attendees over the past eight years. The fest generates $1.8 million in annual revenue, with a growth of 17% each year.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,897,601

$1,079,590

COGS

$204,495

$109,135

Tax

$83,395

$43,485

 

 

Net Income

$13,038

$-196,484

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$190,919

$239,178

Accounts Receivable

$151,774

$26,915

Total Assets

$194,475

$241,672

Short-Term Debt

$0

$0

Long-Term Debt

$150,000

$150,000

Total Liabilities

$150,000

$150,000

Financials as of: 08/02/2020
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Treefort Music Fest on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,000,000
Price per Share: $21.00

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