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Georgia

Skyn by Chi

About Documents
34%
$10,200 Funded
$30,000 Target
24 days Time Left
13 Investors
$30,000 Min. Raise
$40,000 Max. Raise
60 mo. Term Length
9.75% Interest Rate
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Overview

Skyn by Chi is a CBD-infused skincare company that recently launched in August 2020. At Skyn by Chi, our mission is to provide you with the tools to renew the natural beauty in you. There are so many elements – from the environment to day-to-day stress – that cause your skin to become unbalanced. Skyn by Chi allows you to embrace it all while incorporating a refreshing daily regiment to obtain a healthy glow. All our products are CBD-infused, vegan, cruelty-free, and made in the USA.

Begun just eight months ago, our success has skyrocketed; we have over 4,000 Instagram followers and we have already completely sold out three times.

We are raising $40,000 at an interest rate of 9.75%. There will be a six-month interest-only period and a 54-month fully-amortizing period.

 

Check out our products at https://www.skynbychi.com/!

 

The Project

I will spend $20,000+ on inventory for the holiday season. The remaining $10,000-$15,000 will be spent on marketing and promotion.

The demand for my products is high. I don't like to sell out and that is what has happened three times. Purchasing $20K in inventory will set my business up for success and the profits from the sales will set me up to make another big inventory purchase. The holidays will also be a great time to make this big inventory to ensure I don't sell out.
 

This raise will allow us to keep up with our overwhelming demand!

Business

History & Future

My business today is moving in the right direction. I had no idea that in just 8 months’ time I would be making a large inventory purchase. It's such an amazing feeling and accomplishment. I look forward to seeing what Skyn by Chi does in the next 8 months.

The future for Skyn by Chi is bright! I plan to have a storefront (spa) within the next 3 years. I would like to offer a luxurious spa experience where clients come in and totally forget the stresses of the day-to-day that life brings us.

Skyn by Chi was featured in VoyageATL Atlanta's Most Inspiring Stories.

 

The formulas for the products were perfected by Chi with herself as the test subject!

 

Reviews

"I love Skyn by Chi's products. They have reduced inflammation on my skin, lightened dark marks, and leave my face feeling so soft and smooth. I use the bundle twice a day, every day. My skin literally glows!" - Shimere

"I’m a true fan!!! The only product I don’t use is the toner because I use another brand that I like, but all these products are amazing, so I’m sure the toner is amazing also!!!! Definitely gives me the glow I been missing!!! The only regret is that this hasn’t been around all my life lol!!!" - Michelle

"I haven’t gotten my package yet but they have great customer service and fast shipping (same day) I’m excited to try ❤️❤️❤️" - Bre

"I so thankful we have a BLACK product that actually works. The Glow taking away dryness. I simply love it!!" - Ralphinia

"With the extended mask wearing my sensitive skin was struggling😷. Skyn by Chi is the only product that’s been able to control the problem. I’m super satisfied with this super product!" - Rhasheda

"So I’ve been having trouble with breakouts on my face due to wearing a mask all day. I wanted to try something made for women of color and I stumbled across Skyn By Chi. The cleanser and toner really helped with my face breakouts and dark marks with consistent use. Also the shipping was the best. I received my products in no time." - Christina

"I’ve been using Skynbychi for two months now (twice a day every day) and I can definitely see a change in my skin! The visible pores I once had are gone, my complexion is balanced, my face is smooth, and my dark marks are finally clearing up! I love this product, the fact that it’s CBD infused w/ all of other beneficial ingredients, on down to the cute bottles they are in! If you’re looking for a great skincare line that will have your face glowing, SkynbyChi is definitely it!" - Briana

"Since I have suffered from acne since I hit the age of puberty, and now in my adult age, it is controlled, I am very picky about the products that I use on my skin. But Skyn by Chi has by far outdone itself. The products are amazing and leave my skin super moisturized, along with an amazing glow. 10/10 would recommend !!!! Skynbychi has become a staple in my beauty routine." - Stacy

 

We are proud to have a 5/5 rating on our website!

 

About the Owner

Chiquita Zachery

My name is Chiquita Zachery and I am the owner of Skyn by Chi! I was inspired to create Skyn by Chi after experiencing a hormonal imbalance that caused my face to break out and resulting in emotional distress and scarred skin. I tried everything that you can imagine to get rid of my adult acne, hyperpigmentation, and dehydrated skin.

COVID-19 put a hold on my career working in the airline industry, and I used the opportunity to realize a longtime dream of starting a skincare company. After countless hours of researching effective ingredients that addressed my adult acne, hyperpigmentation, uneven texture, and dehydrated skin, I birthed Skyn by Chi. I created and tested my skincare products on myself, close friends, and family in which I saw amazing results.

I'm currently a student in the esthetics program at Health and Style Institute in Atlanta. I will graduate in December 2021. I also received a Certificate of Achievement in Beauty Industry Essentials from the New York Fashion Institute of Technology in October 2020.

 

Come join our explosive growth!

Deal Summary

Deal Summary

 Issuer

 

 Skyn by Chi LLC

 Doing Business As

 Skyn by Chi LLC

 Security Type

 Secured Loan

 Loan Purpose

 Inventory + marketing

 Offering Amount

 $30,000 - $40,000

 Interest Rate

 9.75%

 Payments

 Monthly, disbursed to investors quarterly 

 Maturity

 6 months interest only + 54 months fully amortizing

 Personal Guaranty  

 Chiquita Zachery

 Security Interest

 Blanket lien on assets of the company 

 Offered Portal 

 Honeycomb Portal LLC

 Offering Type

 Reg CF

 

Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. If the campaign successfully reaches its target, the funds will be distributed to Skyn by Chi LLC.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials

 Investment Amount   One-Time Fee 

 Potential Quarterly

 Return: Interest-Only Period* 

 Potential Quarterly

 Return: Amortization Period* 

 Potential Total Repayment* 
 $100  $2.85   $2.43   $6.89   $128.81
 $500  $14.25   $12.18     $34.43     $644.05
 $1,000  $28.50     $24.37   $68.85   $1,288.11
 $5,000  $37.25     $121.87   $344.27   $6,440.54

Your ongoing responsibilities from investing are very limited. Over the life of the loan, you will receive a yearly 1099-INT, which is a simple tax document similar to what you receive for most savings accounts.*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest; they do not include the one-time fee which is assessed when you make your investment. These amounts are calculated as a hybrid interest-only + amortizing loan, which means that there is a specified interest-only period followed by an amortization period. There are no prepayment penalties and Skyn by Chi LLC may pay down their loan early, which may impact your earnings potential. Please note: returns are not guaranteed and investors could lose some or all of their investment.

Skyn by Chi LLC pays as agreed. You will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the administrative agent to manage the collections process on the investors' behalf.

 

How Honeycomb is Compensated

Honeycomb charges Skyn by Chi LLC a $250 posting fee and an 8.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

Like what you see?  Check out our other campaigns here

View our
Offering Documents

Comments

Q & A

+ What percentage of your sales are done from your store-front and/or home, online etc…?

All sales are done 100% online. Also, Thank you for investing in Skyn by Chi we are excited as well to have to along for our journey

+ The pitch mentions inventory was sold out on 3 different occasions. Can you tell me the total quantity of product sold out in each of the 3 events?

The first sell out was 120 Skyn by Chi bundles , the other two sellouts were 150 each. For a total of 470 bundles.

+ Where is the business currently operating from?

We are currently operating out of Fairburn, Georgia