Power Trucks USA
Growth Stage
Powered by your passion to fill your truck & jeep aftermarket accessory needs
Overview
Raised: $83,158
Total Commitments ($USD)
Platform
Republic
Start Date
09/15/2021
Close Date
01/31/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/05/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$607
# of Investors
102
Momentum
Funded
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Year Founded
2015
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Power Trucks USA, with a valuation of $5 million, is raising funds on Republic. The business sells and installs aftermarket truck accessories, including tires, wheels, lighting, stereos, bed liners, and other truck and light vehicle accessories. The company is also planning to create a unique franchised brand that will serve truck and jeep owners and dealers across the US. Power Trucks USA generated a revenue of $2.1 million in 2020 with strong gross margins of over 41%. Jeffrey Shiring founded Power Trucks USA in April 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the franchising process, infrastructure support, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,062,482 |
$2,572,998 |
|
COGS |
$1,237,038 |
$1,475,138 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-291,144 |
$-829,848 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$154,464 |
$296,160 |
|
Accounts Receivable |
$126,261 |
$111,389 |
|
Total Assets |
$1,682,351 |
$1,722,254 |
|
Short-Term Debt |
$409,370 |
$391,181 |
|
Long-Term Debt |
$834,720 |
$745,181 |
|
Total Liabilities |
$1,244,090 |
$1,136,362 |
Financials as of: 09/15/2021
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