Kitsbow Apparel

Kitsbow Apparel

Purpose-Designed Apparel, Made in the U.S.

Purpose-Designed Apparel, Made in the U.S.

Overview

Raised this Round: Raised: $599,602

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/16/2022

Close Date

03/23/2023

Min. Goal
$150,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.75X

Rev. Share %

4.50%

Year Founded

2012

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Old Fort, North Carolina

Business Type

Growth

Kitsbow Apparel is raising funds on Wefunder. The company makes purpose-designed and sustainable apparel that is made to order with minimal waste. The business has over 30,000 customers and gives them what they really want with its 4,600 size and color combinations. Kitsbow Apparel also supports employee ownership and is rebuilding a rural town after decades of economic decline. The company is led by an experienced team and generated $3 million in sales in 2021. David Billstrom founded Kitsbow Apparel in January 2012. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1 million. The campaign proceeds will be used for purchasing raw materials and supplies, marketing, and relieving accumulated accounts payable.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,690,522

$2,309,138

COGS

$1,422,728

$1,529,068

Tax

$-11,319

$-5,891

 

 

Net Income

$-2,279,917

$-2,321,238

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$59,429

$301,671

Accounts Receivable

$19,517

$594

Total Assets

$2,091,140

$2,702,453

Short-Term Debt

$920,151

$423,076

Long-Term Debt

$4,398,069

$3,226,539

Total Liabilities

$5,318,220

$3,649,615

Financials as of: 11/16/2022
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Kitsbow Apparel on Wefunder 2022
Platform: Wefunder
Security Type: Revenue Share

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