Indy Brand Clothing, LLC

Indy Brand Clothing, LLC

Growth Stage

Modern lifestyle clothing brand inspired by the outdoors

Modern lifestyle clothing brand inspired by the outdoors

Overview

Raised to Date: Raised: $276,213

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/29/2020

Close Date

07/30/2020

Min. Goal
$50,000
Max. Goal
$499,999
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$5,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/01/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,246

# of Investors

85

Momentum
Funded
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Year Founded

2014

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Orem, Utah

Business Type

Life Style

Indy Brand Clothing, with a pre-money valuation of $5 million, is raising funds on WeFunder. It is a modern lifestyle clothing brand, mainly inspired by outdoors. The brand promotes a love for adventure and outdoors, and has one-of-a-kind graphics for men, women, and children. Indy Brand Clothing was founded by Mike Sperry, Kelly N Sperry, Ben Campbell, and Courtney Campbell and has raised over $200,000 since its inception. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $499,999, and the funds will be used towards digital marketing, business development, and inventory. Indy Brand Clothing has reported over $4.5 million in sales since 2014, with sales of $1.6 million in 2019 alone. The brand has reported 165% average year-over-year growth in the last five years.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,639,949

$983,703

COGS

$685,761

$408,700

Tax

$0

$0

 

 

Net Income

$24,621

$55,903

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,938

$21,439

Accounts Receivable

$0

$0

Total Assets

$97,657

$70,349

Short-Term Debt

$136,918

$65,305

Long-Term Debt

$72,512

$0

Total Liabilities

$209,430

$65,305

Financials as of: 03/29/2020
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Indy Brand Clothing, LLC on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $1.25

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