Spybaby Bridal

Spybaby Bridal

Bridal Gowns

Bridal Gowns

Overview

Raised this Round: Raised: $30,100

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/04/2023

Close Date

07/24/2023

Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

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: 06/04/2023
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Spybaby on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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