Spybaby Bridal
Bridal Gowns
Overview
Raised: $30,100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/05/2023
Close Date
07/24/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
12.75%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$614
# of Investors
19
Momentum
Funded
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Year Founded
2000
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Location
FAYETTEVILLE, New York
Spybaby is raising funds on Honeycomb. The business sells luxury bridal gowns to brides of all ages in Fayetteville, New York. The brides get a no-fee and personalized appointment for an hour and fifteen minutes and get to feel special for their special day. Spybaby also offers final alterations, mother of the bride/groom dresses, and prom dresses. Marie Adornato founded Spybaby in November 2000. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, rebranding, trade shows, local bride shows, inventory, photo shoots, and hiring a customer service representative.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,019,435 |
$858,507 |
|
COGS |
$322,500 |
$368,189 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$20,664 |
$-56,148 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$12,299 |
$58,895 |
|
Accounts Receivable |
$10,000 |
$0 |
|
Total Assets |
$1,427,299 |
$366,755 |
|
Short-Term Debt |
$60,000 |
$130,520 |
|
Long-Term Debt |
$485,000 |
$265,498 |
|
Total Liabilities |
$545,000 |
$396,018 |
Financials as of: 06/05/2023
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