Tailored Hair
Barbershop
Overview
Raised: $57,150
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/21/2023
Close Date
09/16/2023
Min. Goal
$40,000
Max. Goal
$85,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
12.25%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,198
# of Investors
24
Momentum
Funded
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Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Location
SAN DIEGO, California
Tailored Hair is raising funds on Honeycomb. It is a men’s hair salon based in San Diego, California. Tailored Hair provides customized haircutting services and combines the experience of a traditional barbershop with that of a full-service salon. The team is made up of experienced stylists and barbers who provide personalized services to clients based on their unique needs and preferences. Joe Broughton and Lizzy Broughton founded Tailored Hair in May 2022. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $85,000. The campaign proceeds will be used for growing the team, business development and marketing, education for the team, new product development, and new technology development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$97,514 |
$772,089 |
|
COGS |
$18,327 |
$191 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$24,616 |
$129,622 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$10,696 |
$102,259 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$157,460 |
$185,353 |
|
Short-Term Debt |
$2,055 |
$2,055 |
|
Long-Term Debt |
$113,698 |
$43,726 |
|
Total Liabilities |
$115,753 |
$45,781 |
Financials as of: 08/21/2023
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