Nwar Studios

Early Stage

Salon

Analytics

Raised to Date: Raised: $17,816

Aggregate Commitments $

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

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

5

% of Min. Goal

71%

% of Max. Goal

36%

Likelihood of Max
unlikely
Avg. Daily Raise

$495

# of Investors

27

Momentum
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Location

Chicago, Illinois

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Life Style

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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Nwar Studios on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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