Fort Defiance

Fort Defiance

The beloved restaurant in Red Hook, Brooklyn, has a bright future as a grocery and general store

The beloved restaurant in Red Hook, Brooklyn, has a bright future as a grocery and general store

Overview

Raised to Date: Raised: $159,225

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/27/2021

Close Date

05/23/2021

Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment

$250

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2021

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

$6,369

# of Investors

215

Momentum
Funded
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Year Founded

2007

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Life Style

Fort Defiance, a Red Hook, Brooklyn general store, is raising crowdfunding on Wefunder. The location was home to a beloved restaurant and now has a bright future as a grocery and general store. Fort Defiance General Store started in Spring 2020 as a weekly farm-share pickup and expanded offerings to meet the demands. The store plans to continue to expand to a more versatile menu, bigger selection of home goods, and more capacity for catering events. St John Frizell founded Fort Defiance in 2007. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $150,000. The raise proceeds will be used for the relocation of the business, labor and material costs, and new equipment. Fort Defiance has consistently been praised by the press and has an exciting future.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$901,709

$1,530,653

COGS

$456,699

$598,214

Tax

$7,724

$84,509

 

 

Net Income

$-365,519

$-1,434

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-14,731

$36,980

Accounts Receivable

$0

$0

Total Assets

$38,223

$93,774

Short-Term Debt

$531,392

$207,126

Long-Term Debt

$0

$0

Total Liabilities

$531,392

$207,126

Financials as of: 04/27/2021
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Fort Defiance on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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