Open Box Buy
Early Stage
Discount Retail Store
Overview
Raised: $184,865
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/15/2019
Close Date
12/30/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/03/2021
Days Remaining
Funded
% of Min. Goal
1,849%
% of Max. Goal
17%
Likelihood of Max
Funded
Avg. Daily Raise
$259
# of Investors
402
Momentum
Funded
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Year Founded
2018
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
"We are excited to introduce OPEN BOX BUY (OBB), which is to our knowledge, the first ever deep-discount retail store that specializes in big-name brand and open box consumer electronics, as well as large and small appliances, video games; housewares; toys; sporting goods; tools; BBQ; outdoor, patio, and small furnishings. If you are looking for hard goods and consumer durables for your office or home, at a price that cannot beat, then Open Box Buy is the solution!"
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-45,989 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,407 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$465,907 |
$0 |
|
Short-Term Debt |
$48,396 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$48,396 |
$0 |
Financials as of: 01/15/2019
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