Henna Sooq

Growth Stage

Beauty Products

Analytics

Raised to Date: Raised: $5,150

Aggregate Commitments $

Platform

Honeycomb

Start Date

05/13/2022

Close Date

06/27/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status

Active

Reporting Date

05/27/2022

Days Remaining

31

% of Min. Goal

10%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$368

Momentum
warm.svg
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Location

Columbia, Maryland

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Henna Sooq is raising funds on Honeycomb. It is a natural hair care company in Columbia, Maryland. The business helps men and women color their hair naturally with henna-based products, including henna dyes, herbal hair care masks, and hair care treatments. Henna Sooq products are all-natural and free of chemicals and work on the self-confidence and well-being of men and women. Khadija Carryl founded Henna Sooq in February 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for a new retail space, salon equipment, production equipment, and expansion of the shipping department.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,763,016

$1,142,109

COGS

$758,535

$555,878

Tax

$0

$0

 

 

Net Income

$442,912

$256,725

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$205,920

$212,341

Accounts Receivable

$0

$0

Total Assets

$209,287

$219,427

Short-Term Debt

$101,499

$61,313

Long-Term Debt

$0

$0

Total Liabilities

$101,499

$61,313

Financials as of: 05/13/2022
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Henna Sooq on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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