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Security Type
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Debt
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Categories
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Beauty & Personal Care
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Expected Close Date
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June 30, 2022
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Target Raise
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$20.00K-$200.00K
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No. Investors
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56
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $205,920
- Revenue
- $1,763,016
- Short Term Debt
- $101,499
- Cost of Goods
- $758,535
- Long Term Debt
- $0
- Net Income
- $442,912
Company Description
Henna Sooq is a natural hair care company based out of Columbia, MD. The company's mission is to help women and men naturally color their hair with henna-based products. Henna Sooq offers a full suite of henna dyes, herbal hair care masks, and hair care treatments. The company is dedicated to providing customers an alternative to the chemicals found in most hair care lines, offering a way to treat hair problems naturally. Henna Sooq has cultivated a following of over 200,000 customers through online purchases and social media followers. Henna Sooq's clientele is a majority of women of color, who are severely under-represented in the world of natural and healthy hair care. The Henna Sooq community is one of a shared passion for well-being, self-confidence, and self-care.
Key Deal Facts
Henna Sooq has a customer base of over 200,000 and annual revenues exceeding $1M!, Owner Khadija has been an instructor at the World Natural Hair Show for the past 10 years., Henna Sooq has been featured on the "In the Know Series" focusing on entrepreneurs and product-makers.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.