Snailz

The beautifully simple way to book your next appointment

Analytics

Raised to Date: $206,615

Aggregate Commitments $
Platform

Republic

Start Date

06/03/2020

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

8

% of Min. Goal

826%

% of Max. Goal

19%

Likelihood of Max
unlikely
Avg. Daily Raise

$642

# of Investors

422

Momentum
cold
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Location

New York, New York

Industry

Beauty & Personal Care

Tech Sector

CommerceTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Snailz, with a valuation cap of $10 million, is raising crowdfunding on Republic. It is an online platform to book and pay for nail salon services. The platform forms a seamless link between the salon workers, owners, and customers. The salon owners get comprehensive and real-time data on all customers appointments, and the customers get to find the best salons and manage their bookings. Snailz was founded by Darren Sardoff and Lori Sardoff in April 2016 and has over 350 nail salons on board. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for growing the salon base, app and web development, and increasing the market outreach to nail salon customers. Snailz has generated over $1.3 million in bookings till date and has over 50,000 customer registrations.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$69,932

$28,241

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$889,968

$705,063

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$12,106

$349,497

Accounts Receivable

$0

$0

Total Assets

$230,582

$586,278

Short-Term Debt

$266,552

$117,280

Long-Term Debt

$2,075,000

$1,690,000

Total Liabilities

$2,341,552

$1,807,280

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