Power Trucks USA

Growth Stage

Powered by your passion to fill your truck & jeep aftermarket accessory needs

Analytics

Raised to Date: Raised: $12,580

Aggregate Commitments $

Platform

Republic

Start Date

09/16/2021

Close Date

01/30/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

56

% of Min. Goal

50%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$157

Momentum
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Location

Warrenton, Virginia

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 09/16/2021
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Power Trucks USA on Republic 2021
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Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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