Sapphire Sky Boutique
Clothing And Clothing Accessories Retailers
Overview
Raised: $28,130
Total Commitments ($USD)
Platform
SMBX
Start Date
05/25/2023
Close Date
07/12/2023
Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$586
Momentum
Funded
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Retailtech
Location
ARGYLE, Texas
Sapphire Sky Boutique is raising funds on SMBX. It is a local online retailer in Argyle, Texas that sells collectibles, license products, and apparel. Sapphire Sky Boutique sells products from brands like Funko and Loungefly and has a customer base of more than 30,000 members. The business competes with many major retailers but differentiates itself by its live-at-home shopping through its mobile app, website, and social media and its regular and custom items developed with licensed suppliers. James Allen and Elizabeth Allen founded Sapphire Sky Boutique in January 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $100,000. The campaign proceeds will be used for exclusive product development and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,557,153 |
$1,437,430 |
|
COGS |
$791,536 |
$788,239 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$41,069 |
$10,840 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$60,274 |
$82,891 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$471,162 |
$256,212 |
|
Short-Term Debt |
$327,343 |
$226,665 |
|
Long-Term Debt |
$73,204 |
$0 |
|
Total Liabilities |
$400,547 |
$226,665 |
Financials as of: 05/25/2023
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