Wonder Wax Glam Studio

Wonder Wax Glam Studio

Closed: Apr. 2023

About this raise

Wonder Wax Glam Studio, with a valuation of $1.75 million, is raising funds on Mr. Crowd. It is an eco-friendly beauty studio that specializes in full-body waxing, spray tans, and makeup applications. Wonder Wax Glam Studio operates through its GlamTrucks that bring beauty to people in a safe place outside their houses. The service works best for busy people, first-timers, the young crowd, customers living in the suburbs, and beauty events. Tania Torres founded Wonder Wax Glam Studio in April 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $500,000. The campaign proceeds will be used for rebranding, marketing, a new website launch, launch of an in-house app, and rewards program.

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Investment Overview

Invested this round: $21,000

Deal Terms

Total Commitments ($USD)

Platform
Mr. Crowd
Start Date
08/08/2022
Close Date
04/30/2023
Min. Goal
$20,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$1,750,000

Company & Team

Company

Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
PALISADES PARK, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Tania Torres
Title
CEO

Financials

 Revenue
$91,839
 Monthly Burn
Profitable
 Cash on Hand
$13,500
Gross Margin
77%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$91,839

$42,632

COGS

$21,557

$11,941

Tax

$500

$500

 

 

Net Income

$9,869

$-9,253

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,500

$6,550

Accounts Receivable

$0

$0

Total Assets

$41,704

$31,877

Short-Term Debt

$1,087

$1,129

Long-Term Debt

$0

$0

Total Liabilities

$1,087

$1,129

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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
04/30/2023 Mr. Crowd $1,750,000 $21,000 Equity - Common Funded RegCF
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Add to portfolio
Wonder Wax Glam Studio on Mr. Crowd 2022
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $1,750,000
Price per Share: $100.00

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