Just Cause Apparel
Early Stage
Giving Corporate Apparel A Greater Purpose
Overview
Raised: $0
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/20/2024
Days Remaining
27
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
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
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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