Flat Out of Heels

The Solution to Stiletto Sore Feet

Analytics

Raised to Date: $113,569

Aggregate Commitments $
Platform

StartEngine

Start Date

04/09/2021

Close Date

10/05/2021

Min. Goal

$9,994

Max. Goal

$249,992

Min. Investment

$160

Security Type

Equity - Common

Funding Type

RegCF

Series

Series C

Pre-Money Valuation

$6,001,248

Rolling Commitments $
Status

Active

Reporting Date

06/09/2021

Days Remaining

115

% of Min. Goal

1,136%

% of Max. Goal

45%

Likelihood of Max
likely
Avg. Daily Raise

$1,862

# of Investors

386

Momentum
cool
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Location

Miami Beach, Florida

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Flat Out of Heels, with a pre-money valuation of $6 million, is raising funds on StartEngine. The company makes rollable ballet-style flats that can either be used as an emergency flat or worn every day. The shoes can be rolled and kept in purses due to their compact design. Dawn Dickson founded Flat Out of Heels in 2011. The current crowdfunding campaign has a minimum target of $9,994 and a maximum target of $1,069,995, and the funds will be used to fund growth and expansion. Flat Out of Heels has been promoted by celebrities like Swin Cash and Eva Longoria and featured in publications such as CNN, Yahoo, Huffington Post, and Forbes.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$13,492

$48,135

COGS

$1,691

$22,112

Tax

$0

$0

 

 

Net Income

$22,766

$-7,734

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$678

$3,893

Accounts Receivable

$0

$0

Total Assets

$20,595

$4,834

Short-Term Debt

$180,676

$187,680

Long-Term Debt

$0

$0

Total Liabilities

$180,676

$187,680

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