Wash Club LA
LAUNDRY SERVICES
Overview
Raised: $0
Total Commitments ($USD)
Platform
SMBX
Start Date
10/28/2021
Close Date
01/11/2022
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/11/2022
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
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Wash Club LA is raising funds on SMBX. The company offers commercial laundry services to small, medium, and large businesses across Southern California. The laundry services are offered to restaurants, caterers, gyms, and salons through online and mobile options. Wash Club LA uses commercial-grade Dexter and Milnor washers and dryers and high-quality, hypoallergenic, and medical-grade detergents. Ross Dodds and Russel Pinkard founded Wash Club LA in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for expansion to a larger facility and the purchase of new equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$445,842 |
$140,171 |
|
COGS |
$25,887 |
$7,310 |
|
Tax |
$3,119 |
$0 |
| ||
| ||
|
Net Income |
$-6,339 |
$-50,201 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,253 |
$9,140 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,253 |
$33,753 |
|
Short-Term Debt |
$42,633 |
$63,660 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$42,633 |
$63,660 |
Financials as of: 10/28/2021
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