True Love Body Piercing

True Love Body Piercing

Closed: Feb. 2024

About this raise

True Love Body Piercing is raising funds on MainVest. It is a body piercing shop in Cambridge, Massachusetts, that offers safe piercing for children and adults. True Love Body Piercing has set up a friendly and welcoming environment to make clients feel comfortable and ensure the safe healing of the piercings. The business is currently looking to expand to a new location with easy and better parking and a safe environment. Owen Beane founded True Love Body Piercing in November 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for renovations of the new commercial space.

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Investment Overview

Invested this round: $36,600

Deal Terms

Total Commitments

Platform
MainVest
Start Date
09/25/2023
Close Date
02/29/2024
Min. Goal
$35,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

3.50%

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Worcester, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Owen Beane
Title
President/CEO

Financials

 Revenue
$166,754
as of FY2022
 Monthly Burn
$405
as of FY2022
 Runway
0 months
as of FY2022
 Gross Margin
72%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$166,754

$0

COGS

$46,444

$0

Tax

$0

$0

 

 

Net Income

$-4,855

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
02/29/2024 MainVest - $36,600 Revenue Share Funded RegCF
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True Love Body Piercing on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, True Love Body Piercing may no longer be accepting investments.

True Love Body Piercing Deal Report

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