Ridgemont Outfitters

Ridgemont Outfitters

Closed: Oct. 2017

About this raise

Ridgemont Outfitters is raising funds on Wefunder. The company has designed footwear for style and adventure. Ridgemont Outfitters is an outdoor lifestyle brand based in Southern California that makes shoes that are rugged, water-resistant and stylish. The business reported 56,000 visitors to its website in the last twelve months and a 100% revenue growth year-over-year. Alex Hall and Stacy Lowery founded Ridgemont Outfitters in November 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for direct sales and marketing programs, expansion of the footwear program, introduction of the luggage category, and establishment of brick-and-mortar stores.

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Investment Overview

Invested this round: $195,272

Deal Terms

Platform
Wefunder
Start Date
12/21/2016
Close Date
10/20/2017
Min. Goal
$100,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.75X

Company & Team

Company

Year Founded
2013
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Location
Signal Hill, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
as of FY2015
 Monthly Burn
$19,463
as of FY2015
 Runway
0.5 months
as of FY2015
 Gross Margin
17%
as of FY2015

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$343,282

$175,602

COGS

$283,659

$240,881

Tax

$0

$0

 

 

Net Income

$-233,552

$-444,345

Summary Balance Sheet

FY 2015 FY 2014

Cash

$10,702

$5,621

Accounts Receivable

$18,103

$23,969

Total Assets

$152,354

$203,523

Short-Term Debt

$77,293

$47,434

Long-Term Debt

$995,281

$812,898

Total Liabilities

$1,072,574

$860,332

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/20/2017 Wefunder - $195,272 Revenue Share Funded RegCF
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Ridgemont Outfitters on Wefunder 2017
Platform: Wefunder
Security Type: Revenue Share

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Warning: according to the close date for this deal, Ridgemont Outfitters may no longer be accepting investments.

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