Laundry On Demand
LAUNDRY SERVICES
Overview
Raised: $0
Total Commitments ($USD)
Platform
SMBX
Start Date
06/10/2021
Close Date
08/11/2021
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/14/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2012
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Laundry On Demand, laundry service in Lakewood Village, TX, is raising funds on SMBX. The business picks up laundry and delivers it, clean, fresh, and folded, the same day. The company uses a peer-to-peer mobile app to connect busy parents and professionals seeking efficient laundry services. James Chandler founded Laundry On Demand in May 2012. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $75,000, and the funds will be used to scale up and invest in advertising and supplies. Laundry On Demand has over 1,000 customers and solves the pick and drop inconvenience for people with busy schedules.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$110,137 |
$109,975 |
|
COGS |
$0 |
$0 |
|
Tax |
$9,139 |
$9,139 |
| ||
| ||
|
Net Income |
$282,053 |
$4,825 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$179,752 |
$6,823 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$179,752 |
$81,823 |
|
Short-Term Debt |
$0 |
$35,954 |
|
Long-Term Debt |
$0 |
$44,046 |
|
Total Liabilities |
$0 |
$80,000 |
Financials as of: 06/10/2021
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