Boston Fiber Company

Boston Fiber Company

Yarn Business

Yarn Business

Overview

Raised this Round: Raised: $75,000

Total Commitments ($USD)

Platform

MainVest

Start Date

06/18/2023

Close Date

08/18/2023

Min. Goal
$40,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rev. Share %

5.05%

Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

ALLSTON, Massachusetts

Business Type

Life Style

Boston Fiber Company is raising funds on MainVest. It is a retail yarn business located in Boston, Massachusetts. The business provides a vast selection of high-quality and locally-sourced yarns and supplies and provides support to local knitters and crafters. Boston Fiber Company aims to develop its own line of dyed yarns and increase its workshop and online offerings. Sara Ingle founded Boston Fiber Company in February 2022. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $75,000. The campaign proceeds will be used for fixtures, inventory, moving expenses, painting, and updating decor.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$88,853

$0

COGS

$40,916

$0

Tax

$0

$0

 

 

Net Income

$14,498

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,824

$0

Accounts Receivable

$0

$0

Total Assets

$49,454

$0

Short-Term Debt

$13,764

$0

Long-Term Debt

$0

$0

Total Liabilities

$13,764

$0

Financials as of: 06/18/2023
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Boston Fiber Company on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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