Obodo Serendipity Books

Obodo Serendipity Books

Bookstore

Bookstore

Overview

Raised this Round: Raised: $14,025

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/02/2024

Close Date

06/30/2024

Min. Goal
$30,000
Max. Goal
$45,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

Term Length

3.0 years

Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Stratford, Connecticut

Business Type

Life Style

Obodo Serendipity Books is raising funds on Honeycomb. It is a small independent bookstore in Stratford, Connecticut. Obodo Serendipity Books offers a diverse variety of books rooted in social and emotional development and serves as a beacon of hope for the community. It is a first-of-its-kind bookstore in the United States and has a loyal customer base. Nikkya Hargrove founded Obodo Serendipity Books in October 2022. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $45,000. The campaign proceeds will be used to rent out a storefront location, renovate the space, and fund the inventory.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,932

$13,137

COGS

$467

$0

Tax

$0

$0

 

 

Net Income

$-1,093

$-4,290

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$1,954

$0

Short-Term Debt

$1,954

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,954

$0

Financials as of: 06/02/2024
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Obodo Serendipity Books on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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