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Loveseat.com

Online Vintage Furniture Auction
$48,043 Raised
Ends January 1st
70 Investors

Loveseat.com is a thriving local online auction marketplace in San Diego & Los Angeles.  Today we are selling over 2,000 pieces of furniture and decor on a monthly basis.  We are raising money to scale up our operations in our current markets as well as to expand geographically, ultimately to every city in the United States.

Why you may want to invest
  1. Selling 500+ pieces of furniture each week. 
  2. 96% of items sell in 1 week at an average price of $55.
  3. Solid founding team - Wharton / Venmo (exit) / Ticketleap (exit).
  4. 61% of bidders repeat monthly.
  5. Take rate is 68% of Gross Merchandise Sales.
  6. Market opportunity north of $1b annually.
  7. Nearly 25% of consignors have participated in 3+ auctions.
  8. 1500+ bidder registrations monthly.
Learn more about this company

Company Details

Location
San Diego, CA
Founded
2015
Employees
8

Key Team Members

Gabriel Weinberg
Director
Jennifer Stanchak
Cofounder & CTO
Chris Stanchak
Cofounder & CEO

Financials

Most recent Fiscal Year

Income Statement

Revenue
6%
$1,920,425
Cost of Goods Sold
12%
$638,108
Gross Profit
4%
$1,282,317
Taxes
$0
Net Income
18%
-$456,973

Balance Sheet

Total Assets
37%
$360,781
Cash
48%
$121,230
Accounts Receivable
$0
Short Term Debt
35%
$97,599
Long Term Debt
526%
$252,240

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