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Pennsylvania

Pip & Lola's

About Documents
64%
$63,935 Funded
$100,000 Target
12 days Time Left
54 Investors
$30,000 Min. Raise
$100,000 Max. Raise
60 mo. Term Length
10.0% Interest Rate
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Overview

The boring answer is that Pip & Lola's is a Pittsburgh-area handmade soap company. This is true but that does not really explain to you WHO we are. We (here in our teeny soaping room) are working hard making magic to create the absolute best barely-scented Vegan and Vegetarian soaps possible. We know that heavy scents are often a migraine or allergy trigger for people. These people often don't get to partake in smelly goodness and we think that is just plain sad. Therefore we chose to specialize in lightly scented items. People with scent sensitivities (or just plain don't like heavy scents) deserve Soapy Love too.

We have recently branched out into making things like solid lotions and body butters, but bar soap is our first love and the thing we do best. We have two lines. Our main Pip & Lola's line is all-natural using only plant/vegetable oils, botanicals, and natural essential oils. Our Soap Goddess Loves Shakespeare line is fragrance oil scented but still made from scratch using vegetable oils and yogurt.

As of today, we make over 250 different varieties of bar soap. We donate one full-sized bar of soap to a local, regional, or national domestic violence shelter or charity for every two items sold.

We are raising $100,000 at a 10.0% interest rate, paid over a 60-month term!

"Think of us while you're wet and naked!"

 

The Project

We are about to open our THIRD location (and the second one just in 2021) in Pittsburgh’s Strip District Terminal! Ever since we opened our first location in Seattle (well... Tacoma), I have felt that if there was anywhere in the world that fit us and our brand it would be the Strip District. The funds raised will be to finance the construction of the space including signage and displays plus the hiring of employees. We also hope to raise money for soap-making supplies in order to increase our production capabilities. Our soaps have to cure for 4-6 weeks before selling and we only have the capacity currently to dry 7,000 bars at a time. The new drying rack would allow us to double our drying space. With the Strip District Terminal location opening right before the holidays, we want to make sure we have plenty of product ready to go. The remaining funds allow us a little bit of a cushion for the first few months of rent and to pay the 5 employees we will need to hire for the new location.

  • Equipment - $14,400
  • Employees - $28,800
  • Inventory - $9,200
  • Signage - $4,300
  • Rent - $21,600
  • Working Capital - $16,700
  • Marketing - $5,000

 

Pip & Lola's wholesales to multiple Pittsburgh areas! Find us at Janoski's Farms and Greenhouse!

 

History

Pip & Lola's was started in 2011 in Seattle, WA by Samantha and Bruce Story-Camp (that's us - yes, that's really our name). Pip is the nickname of our youngest son and Lola is his older sister. Poor Pip had every skin ailment known to man and would suffer from horrible bleeding rashes. Since Samantha (aka Sami aka The Soap Goddess) had been making soap for 5 years, we researched like crazy to try to find a recipe that would work for his poor inflamed tush. Samantha is also an actress in her "spare time" and would make soaps as gifts for her castmates. Over time more and more friends were requesting soaps and she was creating more and more recipes for Pip's rear and so ... you know, the rest is history.

Fast forward ten years: we find ourselves in Munhall, PA just outside of Pittsburgh and we have one adorable little location on 8th Avenue in Homestead. Business was steady and we were loving our growing, loyal fanbase. Then the COVID Pandemic hit.

In spite of having to close the storefront for 10 weeks, the shop was okay. We offered up a 25% coupon code that will remain valid for the whole of this COVID crisis (12 months and counting). Online sales were consistent and local customers quickly adapted to door pickup and local delivery. Things were fine. Except one thing was nagging at us. Since our first year, we have offered our Suspended Soap Shelf program where we match and donate soap for customer purchases. During lockdown, with the support of our customers, we were able to donate 500 bars to food banks and homeless shelters in just a 2-month span.  We were also increasingly aware of the growing needs of domestic violence shelters. We knew that a time that was an annoyance for us was HELL for folks being forced to shelter in place with their abusers. We wanted to do whatever we could to help. We cannot afford to write big fat checks.... but SOAP we can do.

As of August of 2020, for every TWO items that we sell each month, we donate one full-sized bar of soap to a local, regional or national domestic violence shelter or charity. In 2020, we were able to donate 3,000 bars to Pennsylvania Domestic Violence shelters. So far in 2021, we have donated an additional 4,500 bars.
 

All of our products are vegan or vegetarian! 

Business

The Future

Our future goal is to convert to a B-Corp. Our dream is to be able to donate 50,000 bars of soap per year minimum with 1 million bars being the Big Goal. We want Pip & Lola's to be a force of good and cleanliness.

 

We are purveyors of barely scented soaps!
 

About the Owners

Samantha Story-Camp

Samantha is a 2001 graduate of Point Park University with a degree in Theatre. After years of working in the restaurant industry and then in real estate, she embarked on her entrepreneurial journey when she realized that she was not subservient enough to work for other people. Now in its 10th year, Pip & Lola’s continues to be the instrument through which Samantha is slowly making the world happier with soapy goodness, candles, and ridiculous marketing techniques. She was also the producer of the web series, The Pittsburgh SOAPranos, which was a comedy based on the trials and tribulations of a small business owner. Continuing to work both on stage and in film, Samantha infuses the company with her special dramatic flair. She also happens to have 8 young(er) humans that call her "Mom" and finds them a fairly good motivator to leave the world a better place than she found it.

Bruce Story-Camp

Originally from the Pacific Northwest Bruce is a graduate of Pacific Lutheran University and the University of Washington - Tacoma. He spent over a decade as a grade-school teacher before embarking on the journey of soap-making with Samantha. Where Samantha makes the majority of the soaps, Bruce focuses on the "sundries" of the company: deodorants, lotion bars, dry shampoos, etc... And though there is something to be said about having a steady 9-5 (well, let's be honest… 7-4), he much prefers being able to work together with his wife while taking over the world - one dirty body at a time.

Sami and Bruce, aka The Soap Goddess and The Master of Sundries!

Deal Summary

 Issuer

 Pip & Lola's Everything Homemade, LLC

 Doing Business As

 Pip & Lola's Everything Homemade

 Security Type

 Secured Loan

 Loan Purpose

 New retail location build-out 

 Offering Amount

 $30,000 - $100,000

 Interest Rate

 10% annually

 Payments

 Monthly, disbursed to investors quarterly 

 Maturity

 60 months 

 Personal Guaranty  

 Samantha Story-Camp

 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 Pip & Lola's Everything Homemade, 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: Amortization Period* 

 Potential Total Repayment* 
 $100  $2.85     $6.37   $127.48
 $500  $14.25     $31.87   $637.41
 $1,000  $28.50     $63.74   $1,274.82
 $5,000  $37.25     $318.70   $6,374.11

Your ongoing responsibilities from investing are 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. There are no prepayment penalties and Pip & Lola's Everything Homemade, 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.

Pip & Lola's Everything Homemade, 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 Pip & Lola's Everything Homemade, LLC a $250 posting fee and a 6.0-7.0% loan origination fee based 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

 

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Offering Documents

Comments

Q & A

+ What will be the address of your Strip District location?

Hi there! Since the press release officially went out this morning I am finally allowed to announce that we will be opening at 1921 Smallman Street in the Terminal Building. We will be adding that verbiage to our campaign today. Thank you for reaching out.

+ Can you shed some light on the Income Statement situation for 2021? COGS are nearly 40% and Operating Exp is 166% of revenue. Is there some timing situation?

Hi there, yeah. I get that this year seems a tad wonky. We just opened a second location in April of this year and so our expenses had bounced a huge amount before revenue caught up at the time we did our Form-C. It does make it look a bit off kilter. Our second location is in a local high performing mall but we did open (intentionally) during a slower sales time. This was to allow us time to adjust to managing multiple locations. That also adds to the somewhat skewed appearance of the revenue vs expenses situation. I hope this clears it up. Let me know if you have any additional questions.

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