Uzuri Beauty
Beauty Products
Overview
Raised: $44,325
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/02/2023
Close Date
05/03/2023
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,478
# of Investors
26
Momentum
Funded
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Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Uzuri Beauty is raising funds on Honeycomb. It is a black-owned beauty supply store in Jacksonville, Florida. The shop offers all products for black beauty needs of black women, including hair care products, hair extensions, wigs, and salon services. Uzuri Beauty also ships its products through DoorDash and nationwide through its online store. Kai Hodge founded Uzuri Beauty in June 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for the buildout of the new location, fixtures, payroll, marketing, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$160,535 |
$80,238 |
|
COGS |
$35,890 |
$43,103 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$22,655 |
$-30,773 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$8,404 |
$-477 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,974 |
$3,093 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$-3,646 |
$10,708 |
|
Total Liabilities |
$-3,646 |
$10,708 |
Financials as of: 04/02/2023
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