TLOREN

TLOREN

Salon

Salon

Overview

Raised this Round: Raised: $75,850

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/12/2023

Close Date

02/16/2023

Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.75%

Term Length

5.0 years

Year Founded

2007

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Woodridge, Illinois

Business Type

Growth

TLOREN is raising funds on Honeycomb. It is a unique and creative neighborhood salon for people to get their hair and makeup done. The business provides an ultimate beauty experience through its highly motivated and expertly trained staff. TLOREN works closely with an Italian brand and uses vegan and gluten-free premium products. Tina Brown and Lauren Brown founded TLOREN in December 2007. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for construction at a new location, new floors and ceilings, salon furniture, outdoor signage, and hiring and training.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$318,443

$228,630

COGS

$36,681

$44,338

Tax

$0

$0

 

 

Net Income

$-2,489

$59,454

Summary Balance Sheet

FY 2021 FY 2020

Cash

$22,415

$13,096

Accounts Receivable

$0

$0

Total Assets

$28,748

$19,026

Short-Term Debt

$23,004

$16,924

Long-Term Debt

$3,544

$3,000

Total Liabilities

$26,548

$19,924

Financials as of: 01/12/2023
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TLOREN on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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