Liz Alig

Liz Alig

High Quality, Fair Trade Apparel

High Quality, Fair Trade Apparel

Overview

Raised to Date: Raised: $53,411

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/02/2023

Close Date

01/15/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/08/2023

Days Remaining

38

% of Min. Goal

107%

% of Max. Goal

43%

Likelihood of Max
unlikely
Avg. Daily Raise

$797

# of Investors

74

Momentum
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Year Founded

2009

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Nashville, Tennessee

Business Type

Growth

Liz Alig is raising funds on Wefunder. The company makes and sells high-quality and fair-trade women's apparel. Liz Alig makes sustainable clothes in small fair trade workshops in seven countries and targets millennial and Gen Z women in top cities, including New York, Brooklyn, Los Angeles, Seattle, and Chicago. The company provides direct-to-customer sales with 60% margin and has reported a 270% growth rate year-over-year since 2020. Elizabeth Roney founded Liz Alig in May 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, workshop equipment upgrades, salaries of part-time employees, inventory production, and opening the first brick-and-mortar store in Nashville, Tennessee.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$270,000

$98,000

COGS

$88,200

$11,000

Tax

$366

$1,500

 

 

Net Income

$58,800

$40,100

Summary Balance Sheet

FY 2022 FY 2021

Cash

$12,629

$20,000

Accounts Receivable

$0

$0

Total Assets

$183,708

$150,300

Short-Term Debt

$59,306

$27,000

Long-Term Debt

$112,328

$115,000

Total Liabilities

$171,634

$142,000

Financials as of: 10/02/2023
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Liz Alig on Wefunder 2023
Platform: Wefunder
Security Type: Debt

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