Nwar Studios
Salon
Overview
Raised: $25,001
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/25/2022
Close Date
12/05/2022
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
100%
% of Max. Goal
50%
Likelihood of Max
Funded
Avg. Daily Raise
$610
# of Investors
34
Momentum
Funded
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Year Founded
2016
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Nwar Studios is raising funds on Honeycomb. It is a boutique beauty studio in Chicago, Illinois, offering full-body waxing, specialty facials, and lash extension services. The business is also developing a new line of sustainable skincare products under the name of Nwar Skin to reduce harmful post-consumer waste. Nwar Studios has a loyal customer base and is on track to grow its year-over-year revenue by 60%. Chandra Davis founded Nwar Studios in October 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for laboratory services, research and development, equipment, and raw materials.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$118,477 |
$51,160 |
|
COGS |
$10,931 |
$7,202 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,184 |
$2,847 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,102 |
$909 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,032 |
$5,794 |
|
Short-Term Debt |
$51,803 |
$37,612 |
|
Long-Term Debt |
$11,024 |
$0 |
|
Total Liabilities |
$62,827 |
$37,612 |
Financials as of: 10/25/2022
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