Benson Watch Company

Own your time

Analytics

Raised to Date: $236,154

Aggregate Commitments $
Platform

Republic

Start Date

02/17/2021

Close Date

09/30/2021

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,500,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

06/09/2021

Days Remaining

110

% of Min. Goal

945%

% of Max. Goal

94%

Likelihood of Max
extremely
Avg. Daily Raise

$2,109

# of Investors

568

Momentum
cool
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Location

Clinton, Maryland

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Benson Watch Company, with a valuation cap of $6.5 million, is raising funds on Republic. The company makes watches with an emphasis on design, quality, and comfort. The watches are made using non-reactive materials for maximum comfort and tested under several rounds of quality testing. Marcel Benson founded Benson Watch Company in January 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum of $250,000, and the proceeds will be used for growth and streamlining the supply chain. Benson Watch Company has been named a top watch brand by New York Times. The business is currently profitable and expects to generate $15 million in revenue by 2022.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$26,627

$4,839

COGS

$20,429

$321

Tax

$0

$0

 

 

Net Income

$-36,698

$-24,155

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,356

$0

Accounts Receivable

$0

$0

Total Assets

$25,799

$563

Short-Term Debt

$5,356

$15

Long-Term Debt

$44,213

$0

Total Liabilities

$49,569

$15

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