Mayes NYC

Mayes NYC

Clothing

Clothing

Overview

Raised this Round: Raised: $15,450

Total Commitments ($USD)

Platform

Honeycomb

Start Date

10/12/2022

Close Date

03/06/2023

Min. Goal
$15,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

Term Length

5.0 years

Year Founded

2020

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

Growth

Mayes NYC is raising funds on Honeycomb. The company designs sustainable luxury clothing for all women, irrespective of their size. The clothes of Mayes NYC fit women sized 10-28 and help plus-sized women look fun and fashionable and feel confident and sophisticated. The Mayes NYC clothing is made in the US ethically and using sustainable fabric. Brandy Wykes founded Mayes NYC in March 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used to strengthen the inventory for adding three new relators- Saks Fifth Avenue, Neimus Marcus, and Nordstrom.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$12,264

$0

COGS

$3,350

$0

Tax

$0

$0

 

 

Net Income

$-44,885

$-34,864

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,276

$4,906

Accounts Receivable

$0

$0

Total Assets

$188,173

$127,747

Short-Term Debt

$24,571

$0

Long-Term Debt

$0

$0

Total Liabilities

$24,571

$0

Financials as of: 10/12/2022
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Mayes NYC on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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