Garra Fish Spas
Early Stage
Relax, Rejuvenate, and Refresh with Our Fish Spa Experience
Overview
Raised: $131,861
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/10/2023
Close Date
10/09/2023
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$264
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
13
% of Min. Goal
879%
% of Max. Goal
11%
Likelihood of Max
Avg. Daily Raise
$1,691
# of Investors
127
Momentum
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Year Founded
2023
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Garra Fish Spas, with a valuation of $20 million, is raising funds on StartEngine. The business offers a unique spa experience with its custom-designed tanks with fish in them. The fish in the tanks are a special breed of toothless Garra Rufa that provide a therapeutic experience to the customers’ feet, and the tanks come with a patented filtration system for hygiene. Garra Fish Spas has recently launched its new kiosk footprint with a newly designed spa chair and softer seating. Andrew Gelfand founded Garra Fish Spas in April 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$979,526 |
$447,985 |
|
COGS |
$30,302 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$508,038 |
$146,710 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$9,955 |
$23,902 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,955 |
$23,902 |
|
Short-Term Debt |
$1,233 |
$870 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,233 |
$870 |
Financials as of: 07/10/2023
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