Sapphire Sky Boutique

Sapphire Sky Boutique

Clothing And Clothing Accessories Retailers

Clothing And Clothing Accessories Retailers

Overview

Raised this Round: Raised: $28,130

Total Commitments ($USD)

Platform

SMBX

Start Date

05/25/2023

Close Date

07/13/2023

Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment

$10

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

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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Sapphire Sky Boutique on SMBX 2023
Platform: SMBX
Security Type: Debt

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