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Security Type
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CAFES
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Categories
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Other, Retail, Consumer Goods & Products, Community & Lifestyle, Fashion & Accessories
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$250.00K
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Security Price
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$1
- 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
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Business Idea
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Business Traction
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Management Team
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Valuation
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.