Firelight Camps

Neutral
BETA

Luxurious, Stylish, and Social Glamping Experiences!

Analytics

Raised to Date: $435,404

Aggregate Commitments $
Platform

Wefunder

Start Date

11/10/2020

Close Date

05/01/2021

Min. Goal

$300,266

Max. Goal

$1,069,775

Min. Investment

$316

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$8,000,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

64

% of Min. Goal

145%

% of Max. Goal

41%

Likelihood of Max
Avg. Daily Raise

$4,108

# of Investors

165

Momentum
Location

Ithaca, New York

Industry

Travel and Hospitality

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Firelight Camps, with a pre-money valuation of $8 million, is raising crowdfunding on Wefunder. The company develops and operates campgrounds that offer luxurious and social glamping experiences. The campgrounds of Firelight Camps combine the luxury of plush hotels with campfires and other resort amenities. Firelight Camps was founded by Robert Frisch and Emma Frisch in 2014 and has raised over $1.8 million since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $300,026 and a maximum raise of $1,069,775, will be used for pre-development expenses for the second property in Phoenicia, NY, and ongoing working capital. Firelight Camps has served over 35,000 guests and generated over $4 million in revenue.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$731,495

$727,236

COGS

$56,606

$51,312

Tax

$1,438

$3,276

 

 

Net Income

$-536,743

$-162,069

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$179,152

$166,351

Accounts Receivable

$0

$27,286

Total Assets

$592,962

$626,999

Short-Term Debt

$124,221

$75,297

Long-Term Debt

$201,957

$0

Total Liabilities

$326,178

$75,297

Ratings

last updated 02/25/2021

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