Henna Sooq

Henna Sooq

Beauty Products

Beauty Products

Overview

Raised this Round: Raised: $37,775

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/12/2022

Close Date

06/30/2022

Min. Goal
$20,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2011

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Columbia, Maryland

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: 05/12/2022
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Henna Sooq on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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