Online Stores
Growth Stage
A platform for online retailers selling niche products.
Overview
Raised: $95,795
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/20/2021
Close Date
04/20/2022
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$18,700,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$798
# of Investors
50
Momentum
Funded
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Year Founded
2003
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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: 12/20/2021
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