StyleBar
About this raise
Style Bar is raising funds on SMBX. It is a high-end grooming and beauty destination located in the Dupont Circle neighborhood of Washington, DC. The salon is open for both ladies and gentlemen and specializes in contemporary and classic styling. The services offered by Style Bar include coloring, styling, haircuts, barbering, and beard trims. The business has projected its sales to triple this year and plans to expand its team of hair architects. Cornelius Payne founded Style Bar in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, hiring, and other expenses.
Investment Overview
Invested : $56,410
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 07/21/2022
- Close Date
- 10/10/2022
$50,000
$250,000
$10
Debt
Monthly
RegCF
8.50%
5.0 years
Company & Team
Company
- Year Founded
- 2019
- Industry
- Beauty & Personal Care
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +57% YoY
- $336,742
- Monthly Burn
- Profitable
-
Cash on Hand
- $9,902
- Gross Margin
- 87%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/10/2022 | SMBX | - | $56,410 | Debt | Funded | RegCF |