CRGH
Industry:
Consumer Services

DESCRIPTION

Carriage House Event Center is a startup incorporated in Colorado in 2010 that has not yet generated any revenue or begun operations. The company's plan is to develop a venue in Mesa, Arizona to host weddings, corporate events, and other large gatherings of 50 to 1,000+ guests. The intended business model is straightforward: rent event space to customers, primarily for weddings, which are typically booked a year or more in advance. The company has signed a letter of intent to purchase an 8,050 sq. ft. building in Mesa, which it plans to fund through a combination of stock and debt, though that transaction has not yet closed. Carriage House has no employees, no facility, no customer base, and has not raised sufficient capital to begin operations. Its auditor has issued a going concern opinion, and management acknowledges that if it cannot raise the necessary capital, the company may pursue a merger, acquisition, or change in business direction entirely.

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