Republic Boot
Custom bootmaker
Overview
Raised: $228,900
Total Commitments ($USD)
Platform
NextSeed
Start Date
06/03/2021
Close Date
07/14/2021
Min. Goal
$107,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,723
# of Investors
173
Momentum
Funded
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Year Founded
2016
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Republic Boot, a custom bootmaker, is raising crowdfunding on NextSeed. The business is building an online direct-to-consumer model for its boots. The boots are premium yet affordable and come with a high margin for the manufacturer. The company is focused on authentic and high-quality bootmaking and has a strong following. Chris Conrad founded Republic Boot in 2016. The proceeds of the current crowdfunding round, with a minimum goal of $107,000 and a maximum goal of $250,000, will be used to increase inventory, support operations, increase the production of custom boots, and advertise. Republic Boot is uniquely branded in luxury handcrafted boot segment and offers its own brand of boots, the 1836 Collection.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$433,844 |
$427,398 |
|
COGS |
$315,899 |
$308,997 |
|
Tax |
$-27,670 |
$-25,568 |
| ||
| ||
|
Net Income |
$7,632 |
$758 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,239 |
$21,009 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$21,239 |
$21,239 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/03/2021
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