PuffCuff

Alternative to elastic bands: headache-free, damage-free, and drama-free clips for curly hair

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Security Type
CAFES
Categories
Other, Retail, Consumer Goods & Products, Community & Lifestyle, Fashion & Accessories
Min Investment
$100
Location
Marietta, GA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$250.00K
Security Price
$1
Website
thepuffcuff.com
Number of Employees
4
Cash
$178,691
Revenue
$689,868
Short Term Debt
$170,453
Cost of Goods
$381,844
Long Term Debt
$2,788,542
Net Income
$-1,240,740

Key Deal Facts

Starting in 2025, investments > $1K will receive 1% of quarterly revs until investment is recouped
PuffCuff available @ Sally Beauty, TJ Maxx, Marshall's, 120 stores; on Amazon, Target, Macy's, FAIRE
Triple-patented curly hair technology empowers, eliminates discomfort, and boosts acceptance
Only firm with patented styling tools for curly hair, serving 65% of global population
Hair accessory market to grow 12.7% ($35.41B by 2026); PuffCuff targets 0.5% ($177M)
#10 of the Top 20 Amazing Black-Owned Businesses to Shop From on Amazon in 2023 by Cosmopolitan
Kuffit products are available in H.E.B., Forever 21 and soon CVS, and Walmart.com
nhanced equity offer: Starting in 2025, for those who invested > $1000, a 1% di

Management Team / Advisory Board Bios

Ceata E Lash Founder, Inventor & CEO4 Patents | Speaker | Inc. Female Founders 200 | Goldman Sachs 10KSB | RICE Founding 100 | New Voices | Sally Beauty President's Innovation Award Recipient | Certified Minority & Women Owned, Garrett Lash PresidentCEO Myden-Smalls eComm Fulfillment | Entrepreneur | Servant Leader | Speaker | Board Member | Ernst & Young Entrepreneurs Access Network Alumni
Amount Raised : $86,035
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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