The 4Less Group

The 4Less Group

Growth Stage

Connecting millions of buyers with thousands of sellers in the world's first auto-parts only marketplace

Connecting millions of buyers with thousands of sellers in the world's first auto-parts only marketplace

Overview

Raised to Date: Raised: $696,000

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

09/21/2020

Close Date

Not Provided

Min. Goal
$500
Max. Goal
$15,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series C

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.15

Pre-Money Valuation

$7,600,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,029

# of Investors

64

Momentum
Funded
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Year Founded

2004

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Las Vegas, Nevada

Business Type

Growth

The 4Less Group is raising funds on Dalmore Group through Reg A+ crowdfunding. The company has developed a platform that connects millions of buyers and sellers of auto parts. It is the world’s first auto parts-only marketplace and functions as the Amazon for auto parts. The 4Less Group generated revenues of over $8 million for the year ending January 31, 2020, and continues to grow each year. Christopher Davenport founded The 4Less Group in 2004. The current crowdfunding campaign has no minimum target and a maximum target of $15,000,000. The campaign proceeds will be used for debt liquidation, website development, marketing, and working capital.

Balance Sheet

Cash and Cash Equivalents

$121,290

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$92,625

Property and Equipment

$0

Total Assets

$949,626

Accounts Payable & Accrued Liabilities

$2,307,846

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$180,749

Total Liabilities

$6,577,210

Total Stockholders' Equity

$-6,497,584

Total Liabilities and Equity

$949,626

Statement of Comprehensive Income Information

Total Revenues

$4,927,280

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,623,235

Total Interest Expenses

$0

Depreciation and Amortization

$12,598

Net Income

$1,581,860

Earnings Per Share - Basic

$2.39

Earnings Per Share - Diluted

$0.00

Auditor: L J Soldinger Associates, LLC
Financials as of: 09/21/2020
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The 4Less Group on Dalmore Group 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $7,600,000
Price per Share: $1.15

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