Just Cause Apparel

Just Cause Apparel

Early Stage

Giving Corporate Apparel A Greater Purpose

Giving Corporate Apparel A Greater Purpose

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Vicinity

Start Date

04/28/2024

Close Date

06/17/2024

Min. Goal
$600,000
Max. Goal
$1,235,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

25

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Year Founded

2018

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Piedmont, South Carolina

Business Type

Growth

Just Cause Apparel, with a valuation of $5 million, is raising funds on Vicinity. The company partners with top apparel brands and offers private-label goods at standard pricing. Just Cause Apparel’s added twist is that it shares 50% of the net profits from its sales with a charity partner selected by its customers. The company has a loyal customer base and has partnerships with brands like Nike, Columbia Sportswear Company, Healing Hands, and The North Face. Scott Porter founded Just Cause Apparel in April 2018. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $1.24 million. The campaign proceeds will be used for logistics and distribution, marketing and branding, technology and infrastructure, research and development, and sales and business development.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$959,587

$743,946

COGS

$672,291

$529,984

Tax

$0

$0

 

 

Net Income

$23,804

$46,976

Summary Balance Sheet

FY 2023 FY 2022

Cash

$79,423

$24,234

Accounts Receivable

$79,962

$41,616

Total Assets

$161,903

$68,091

Short-Term Debt

$150,296

$105,788

Long-Term Debt

$0

$0

Total Liabilities

$150,296

$105,788

Financials as of: 04/28/2024
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Just Cause Apparel on Vicinity 2024
Platform: Vicinity
Security Type: Convertible Note
Valuation: $5,000,000

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