Outlaw Soaps

Outlaw Soaps

Growth Stage

We Make Scents So Unique We Have A Monopoly In Our Market

We Make Scents So Unique We Have A Monopoly In Our Market

Overview

Raised to Date: Raised: $19,323

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/30/2024

Close Date

05/30/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$1,800,000

Valuation Cap

$2,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/27/2024

Days Remaining

93

% of Min. Goal

39%

% of Max. Goal

16%

Likelihood of Max
unlikely
Avg. Daily Raise

$690

Momentum
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Year Founded

2014

Industry

Beauty & Personal Care

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Sparks, Nevada

Business Type

Growth

Outlaw Soaps, with a valuation of $2 million, is raising funds on Wefunder. It is a sustainable and imaginative fragrance company that represents evocative scent concepts. Outlaw Soaps captures innovative and emotionally resonant scents in its soaps, colognes, and candles and sells to its customer base of over 200,000. The business has generated $14.9 million in total revenues and has been featured in renowned publications like Yahoo!, WIRED, WSJ, and Oprah.com. Danielle Vincent founded Outlaw Soaps in January 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory purchases, credit card payments, press agency budgets, and collaboration campaigns.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,231,308

$3,811,036

COGS

$1,228,936

$2,356,911

Tax

$0

$0

 

 

Net Income

$-68,088

$-863,931

Summary Balance Sheet

FY 2022 FY 2021

Cash

$43,552

$108,935

Accounts Receivable

$1,740

$1,996

Total Assets

$512,703

$818,617

Short-Term Debt

$323,181

$412,050

Long-Term Debt

$795,713

$901,152

Total Liabilities

$1,118,894

$1,313,202

Financials as of: 01/30/2024
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Outlaw Soaps on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $2,000,000

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