4th Ave Market

Largest Black Owned online hair & beauty retail platform for people of color

Analytics

Raised to Date: $24,700

Aggregate Commitments $
Platform

Wefunder

Start Date

04/01/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

372

% of Min. Goal

49%

% of Max. Goal

23%

Likelihood of Max
extremely
Avg. Daily Raise

$1,235

Momentum
cool
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Location

Philadelphia, Pennsylvania

Industry

Beauty & Personal Care

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

4th Ave Market, with a valuation cap of $8 million, is raising funds on Wefunder. The company has developed an online hair and beauty retail platform. The retail platform allows people of color to discover, buy, and sell beauty, wellness, and wellness products specifically made for them. Salim Holder and Timothy Wells founded 4th Ave Market in October 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $107,000, will be used towards marketing, cost of operations, and other legal and accounting expenses. 4th Ave Market reported growth of 1,274% in sales from 2019 to 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$234,410

$3,048

COGS

$214,935

$1,235

Tax

$19,240

$1,295

 

 

Net Income

$-264,193

$-18,707

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$12,049

$158,675

Accounts Receivable

$0

$1,549

Total Assets

$77,984

$211,970

Short-Term Debt

$85,791

$584

Long-Term Debt

$0

$0

Total Liabilities

$85,791

$584

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