Wash Club LA

Early Stage

LAUNDRY SERVICES

Analytics

Raised to Date: Raised: $9,820

Aggregate Commitments $

Platform

SMBX

Start Date

10/29/2021

Close Date

01/11/2022

Min. Goal

$25,000

Max. Goal

$500,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

37

% of Min. Goal

39%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$265

Momentum
cold.svg
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Los Angeles, California

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

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: 10/29/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Analyst Reports (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Wash Club LA on SMBX 2021
$
Platform: SMBX
Security Type: Debt

Follow company

Follow Wash Club LA on SMBX 2021