Kitsbow Apparel

Growth Stage

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

Analytics

Raised to Date: Raised: $589,222

Aggregate Commitments $

Platform

Wefunder

Start Date

11/17/2022

Close Date

04/30/2023

Min. Goal

$150,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

142

% of Min. Goal

393%

% of Max. Goal

59%

Likelihood of Max
extremely
Avg. Daily Raise

$26,783

# of Investors

332

Momentum
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Location

Old Fort, North Carolina

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

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: 11/17/2022
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Kitsbow Apparel on Wefunder 2022
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Platform: Wefunder
Security Type: Revenue Share

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