GolfSuites

GolfSuites

Growth Stage

Golf that is Fun, Minus the Hassle

Golf that is Fun, Minus the Hassle

Overview

Raised to Date: Raised: $3,360,876

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

05/05/2022

Close Date

Not Provided

Min. Goal
$750
Max. Goal
$25,000,000
Min. Investment

$750

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$12.50

Pre-Money Valuation

$229,103,337

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2022

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$14,676

# of Investors

1,677

Momentum
Funded
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Riverview, Florida

Business Type

Growth

GolfSuites is raising funds on Dalmore Group through Reg A+ crowdfunding. The company offers golf entertainment, events, performance, improvement, and fun for golfers through its hybrid concept. The company also hosts events for corporate and social gatherings. The entertainment centers of GolfSuites enable high-tech gamified golf in climate-controlled environments and spaces for social and corporate functions. Gerald Ellenburg founded GolfSuites in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $25,000,000. The campaign proceeds will be used for the purchase and renovation of facilities, construction and development of golf driving range and entertainment centers, marketing, and operational expenses.

Balance Sheet

Cash and Cash Equivalents

$851,611

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$76,489

Loans

$0

Property, Plant and Equipment (PP&E)

$8,499,772

Property and Equipment

$0

Total Assets

$19,747,698

Accounts Payable & Accrued Liabilities

$937,241

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$18,157,275

Total Liabilities

$19,859,762

Total Stockholders' Equity

$-112,064

Total Liabilities and Equity

$19,747,698

Statement of Comprehensive Income Information

Total Revenues

$4,423,458

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$704,629

Total Interest Expenses

$0

Depreciation and Amortization

$531,358

Net Income

$136,601

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: IndigoSpires CPA Group, LLC
Financials as of: 05/05/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GolfSuites 05/22/2023 Dalmore Group $231,756,288 $1,922,778 Equity - Preferred Funded RegA+
GolfSuites 12/20/2022 Dalmore Group $229,103,337 $3,360,876 Equity - Preferred Funded RegA+
GolfSuites 02/17/2022 Dalmore Group - $3,756,079 Equity - Preferred Funded RegA+
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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GolfSuites on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Preferred
Valuation: $229,103,337
Price per Share: $12.50

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