Bold Skin Babe
Salon
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
07/19/2023
Close Date
09/01/2023
Min. Goal
$75,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/02/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Location
BOSTON, Massachusetts
Bold Skin Babe is raising funds on MainVest. The skincare company is based in Boston, Massachusetts, and provides body and skin services to people of all colors. Bold Skin Babe also offers salon services and is the only black and brown spa dedicated to melanin people. The business has over 300 clients at its two locations and plans to open the third location soon. Akou Diabakhated founded Bold Skin Babe in January 2021. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used for opening the third location, space buildout, and operating capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$391,988 |
$665,012 |
|
COGS |
$73,698 |
$311,940 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$35,059 |
$-4,567 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$15,572 |
$19,938 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$83,072 |
$92,438 |
|
Short-Term Debt |
$13,678 |
$3,735 |
|
Long-Term Debt |
$46,382 |
$95,902 |
|
Total Liabilities |
$60,060 |
$99,637 |
Financials as of: 07/19/2023
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