TLOREN
Salon
Overview
Raised: $70,050
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/13/2023
Close Date
02/27/2023
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Seed
Funding Type
RegCF
Interest Rate
11.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/05/2023
Days Remaining
22
% of Min. Goal
280%
% of Max. Goal
70%
Likelihood of Max
Avg. Daily Raise
$3,046
# of Investors
30
Momentum
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Location
Woodridge, Illinois
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$318,443 |
$228,630 |
|
COGS |
$36,681 |
$44,338 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,489 |
$59,454 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 01/13/2023
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