GATR Coolers

GATR Coolers

Closed: Feb. 2023

About this raise: GATR Coolers, with a valuation of $26 million, is raising funds on DealMaker Securities. The company makes premium and durable custom products, including coolers, drinkware, boats, pool areas, and golf carts. The flagship products of GATR Coolers include hard and soft-sided customizable coolers, drinkware, tees, headwear, cooler pads, signature latches, and other accessories. The business has a loyal customer base and has reported a 1,000% revenue growth since 2017. Bryan McGehee and Mitch McGehee founded GATR Coolers in April 2022. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $541,814

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
12/06/2022
Close Date
02/28/2023
Min. Goal
$250,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$26.00

Pre-Money Valuation

$26,000,000

Company & Team

Company

Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Thibodaux, Louisiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Bryan McGehee
Title
Operations Manager
Founder Name
Mitch McGehee
Title
Commercial Operato

Financials

as of Fiscal Year 2021
 Revenue +132% YoY
$1,395,139
 Monthly Burn
Profitable
 Cash on Hand
$223,915
Gross Margin
48%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$1,395,139

$601,546

COGS

$731,307

$360,664

Tax

$0

$0

 

 

Net Income

$52,543

$-157,736

Summary Balance Sheet

FY 2021 FY 2020

Cash

$223,915

$58,743

Accounts Receivable

$140,859

$64,353

Total Assets

$493,105

$295,597

Short-Term Debt

$382,252

$137,393

Long-Term Debt

$655,638

$662,232

Total Liabilities

$1,037,890

$799,625

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2023 DealMaker Securities $26,000,000 $541,814 Equity - Common Funded RegCF
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Add to portfolio
GATR Coolers on DealMaker Securities 2022
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $26,000,000
Price per Share: $26.00

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Follow GATR Coolers on DealMaker Securities 2022

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