Henna Sooq
Beauty Products
Overview
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
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$787
# of Investors
56
Momentum
Funded
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Year Founded
2011
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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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