This company is no longer in business. Investors can get details about any potential exits or failures here.
Better World Refill Shop
Cleveland's First Bottle Refill Shop
Overview
Raised: $65,950
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/26/2021
Close Date
06/15/2021
Min. Goal
$30,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,346
# of Investors
59
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Better World Refill Shop, a bottle refill shop in Cleveland, Ohio, is raising funds on Honeycomb. The business helps the community reduce plastic waste by bringing in their own vessels to refill with natural products. The business helps eliminate excessive plastic and increase sustainability. Rachel Regula founded Better World Refill Shop in January 2021. The current crowdfunding campaign has a minimum raise of $30,000 and a maximum raise of $80,000, and the funds will target opening a second shop, purchasing products for the second shop, and marketing. Better World Refill Shop has saved over 4,000 containers from the landfill since its launch and has been profitable during the pandemic.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$39,608 |
$0 |
|
COGS |
$33,529 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-8,719 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,786 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,786 |
$0 |
|
Short-Term Debt |
$-6,344 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$-6,344 |
$0 |
Financials as of: 04/26/2021
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