Online Stores

Growth Stage

A platform for online retailers selling niche products.

Analytics

Raised to Date: Raised: $69,950

Aggregate Commitments $

Platform

StartEngine

Start Date

12/21/2021

Close Date

03/21/2022

Min. Goal

$10,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$18,700,000

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

61

% of Min. Goal

700%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,412

Momentum
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Location

New Stanton, Pennsylvania

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Online Stores Inc., with a pre-money valuation of $42 million, is raising crowdfunding on StartEngine. The company is a retailer and manufacturer based in New Stanton, PA that sells a variety of niche items from English tea to LED lighting. Online Stores mission is to provide a one-stop hub for small companies to grow their sales and sell their merchandise, without having to invest in their own warehouse or website. Online Stores websites get a combined 15M visits a year and serves 500,000 customers annually. The company was founded in 2001 by husband-and-wife duo, Kevin and Lisa Hickey. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $5,000,000. The campaign proceeds will be used for inventory, working capital, acquisitions and operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$55,120,381

$47,380,688

COGS

$40,065,630

$34,153,624

Tax

$0

$0

 

 

Net Income

$522,138

$-638,864

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$247,550

$75,983

Accounts Receivable

$1,095,793

$769,771

Total Assets

$13,620,065

$12,888,667

Short-Term Debt

$7,246,719

$12,157,599

Long-Term Debt

$788,075

$104,735

Total Liabilities

$8,034,794

$12,262,334

Financials as of: 12/21/2021
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Online Stores on Startengine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,700,000

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