Liz Alig
High Quality, Fair Trade Apparel
Overview
Raised: $59,911
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
110
% of Min. Goal
120%
% of Max. Goal
48%
Likelihood of Max
Avg. Daily Raise
$274
Momentum
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Year Founded
2009
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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 2023 | FY 2022 | |
---|---|---|
Revenue |
$412,333 |
$270,000 |
COGS |
$143,038 |
$88,200 |
Tax |
$300 |
$366 |
| ||
| ||
Net Income |
$62,942 |
$58,800 |
Summary Balance Sheet
FY 2023 | FY 2022 | |
---|---|---|
Cash |
$9,519 |
$12,629 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$178,847 |
$183,708 |
Short-Term Debt |
$68,000 |
$59,306 |
Long-Term Debt |
$105,000 |
$112,328 |
Total Liabilities |
$173,000 |
$171,634 |
Financials as of: 10/01/2023
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