True Love Body Piercing
Body Piercing shop
Overview
Raised: $18,500
Total Commitments ($USD)
Platform
MainVest
Start Date
09/25/2023
Close Date
01/12/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
3.50%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
35
% of Min. Goal
37%
% of Max. Goal
15%
Likelihood of Max
Avg. Daily Raise
$250
# of Investors
24
Momentum
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 09/25/2023
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