Online Stores

Online Stores

Closed: Apr. 2022

About this raise

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.

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Investment Overview

Invested this round: $95,795

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/21/2021
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    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$18,700,000

Company & Team

Company

Year Founded
2003
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
New Stanton, Pennsylvania
Business Type
High Growth
Company Website
Visit Website

Team

Employees
135
Prior Founder Exits?
No
Founder Name
Kevin Hickey
Title
CEO
Founder Name
Lisa Hickey
Title
President

Financials

 Revenue +16% YoY
$55,120,381
 Monthly Burn
Profitable
 Cash on Hand
$247,550
Gross Margin
27%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/20/2022 StartEngine $18,700,000 $95,795 Equity - Common Funded RegCF
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Add to portfolio
Online Stores on Startengine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,700,000
Price per Share: $2.50

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Follow Online Stores on Startengine 2021

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Warning: according to the close date for this deal, Online Stores may no longer be accepting investments.

Online Stores Deal Report

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