The Ladies Room

The Ladies Room

[Closed for Investment] The Ladies Room is raising funds on Honeycomb. It is a health and wellness business in Seattle, Washington, that provides a safe and inclusive space for relaxation. The Ladies Room offers massages, facials, body treatments, and hydrotherapy services, including cold plunges, saunas, steam rooms, and soaking pools. The business caters to those who identify as females and offers a rejuvenating and relaxing environment. Christina Glenn and Christy Donnelly founded The Ladies Room in February 2022. The current crowdfunding campaign has a minimum target of $90,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase a new steam room generator and new robes, repair and retile pool decking and spa floors and stairs, create a third treatment room, hire a front desk manager, and refinance high-interest debt.

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Investment Overview

Raised this Round: Raised: $71,100

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
09/30/2024
Close Date
10/31/2024
Min. Goal
$45,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2022
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Seattle, Washington
Business Type
Life Style
Company Website
Visit Website

Team

Employees
17
Prior Founder Exits?
No
Founder Name
Christy Renee Donnelly
Title
Co-Owner
Founder Name
Christina Glenn
Title
Co-Owner

Financials

as of Fiscal Year 2023
 Revenue +678% YoY
$1,000,670
 Monthly Burn
Profitable
 Cash on Hand
$80,859
Gross Margin
46%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,000,670

$128,694

COGS

$544,581

$81,786

Tax

$0

$0

 

 

Net Income

$49,273

$-47,369

Summary Balance Sheet

FY 2023 FY 2022

Cash

$80,859

$67,212

Accounts Receivable

$0

$0

Total Assets

$273,674

$253,202

Short-Term Debt

$105,687

$79,557

Long-Term Debt

$98,516

$126,338

Total Liabilities

$204,203

$205,895

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/31/2024 Honeycomb - $71,100 Debt Funded RegCF
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The Ladies Room on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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