Mercy Vintage

Mercy Vintage

Used Merchandise Retailer

Used Merchandise Retailer

Overview

Raised to Date: Raised: $72,610

Total Commitments ($USD)

Platform

SMBX

Start Date

02/21/2024

Close Date

03/27/2024

Min. Goal
$20,000
Max. Goal
$60,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,075

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2019

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Oakland, California

Business Type

Life Style

Mercy Vintage is raising funds on SMBX. It is a used merchandise retailer in Oakland, California, that buys, sells, and curates sustainable clothing. Mercy Vintage believes in investing in a forever wardrobe rather than a trend-driven, short-lived wardrobe and aims to create a community of people connected through recycling and stories told through the clothes. The business also supports local artists and designers and loves to match people with their individual styles through experimentation. Karen Fort founded Mercy Vintage in December 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $60,000. The campaign proceeds will be used for working capital for a new location expansion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$996,556

$824,038

COGS

$488,297

$480,140

Tax

$0

$0

 

 

Net Income

$1,325

$120,211

Summary Balance Sheet

FY 2022 FY 2021

Cash

$67,908

$-6,397

Accounts Receivable

$3,407

$0

Total Assets

$166,315

$72,403

Short-Term Debt

$262,977

$18,904

Long-Term Debt

$149,900

$169,557

Total Liabilities

$412,877

$188,461

Financials as of: 02/21/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Mercy Vintage on SMBX 2024
Platform: SMBX
Security Type: Debt

Follow company

Follow Mercy Vintage on SMBX 2024

Buy Mercy Vintage's Deal Report

Warning: according to the close date for this deal, Mercy Vintage may no longer be accepting investments.

Mercy Vintage Deal Report

Get KingsCrowd’s comprehensive report on Mercy Vintage including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Mercy Vintage is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Mercy Vintage deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge