Union House

Early Stage

Beautiful. Modern. Practical.

Analytics

Raised to Date: Raised: $246,000

Aggregate Commitments $

Platform

Vicinity

Start Date

06/10/2022

Close Date

08/31/2022

Min. Goal

$300,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$100.00

Pre-Money Valuation

$300,000

Rolling Commitments $

Status

Active

Reporting Date

08/17/2022

Days Remaining

14

% of Min. Goal

82%

% of Max. Goal

23%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,618

Momentum
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Location

Greenville, South Carolina

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Union House is raising funds on Vicinity. The company is building single-family homes for communal living in Greenville, South Carolina. The business is reimagining affordable housing and creating convenient co-living with a modern touch. The homes at Union House will have fully furnished living spaces and a shared outdoor area, and rent will include utilities, high-speed internet, and weekly cleanings. Matt McPheely founded Union House in January 2017. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the construction of the houses, F&E, and debt reduction.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$6,507

$5,929

 

 

Net Income

$-42,039

$-25,077

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$480,348

$435,348

Short-Term Debt

$336,870

$332,000

Long-Term Debt

$0

$0

Total Liabilities

$336,870

$332,000

Financials as of: 06/10/2022
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Union House on Vicinity 2022
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Platform: Vicinity
Security Type: Equity - Common
Valuation: $300,000

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