Hello KF Buyers,
This deal is extremely similar to one I previously launched. This deal has a smaller goal and a larger profit and we have submitted additional due dilligence to Kickfurther in order to demonstrate the strength of our wholesale business.
My name is Dan Koval with Clean Design Company and I am back on Kickfurther having previously done a small Co-Op under Heads up Design, a separate company also wholly owned by me. It was a small raise, but you will see that I kept to my commitments. I had previously stopped using Kickfurther due to some of the changing requirments, but I am now ready to use the platform again with the same care and commitment I did on my previous deal.
This Co-Op will cover the Duop Cleaning system, a cleaning tool based on a unique ball and socket mechanism that allows you to clean all kinds of surfaces easier and faster than with traditional tools. We have received a large order from an overseas client, Aldis in Ireland. The inventory will be shipped directly to Aldis and will be paid in one payment according to their payment terms. The only reason that this is being treated is as an inventory visibility deal is that Kickfurther does not allow brands with foreign purchase order issuers to use the Purchase Order model. I qualify for the general inventory visibility program, have provided the requisite authorizations from my providers, and have provided a personal guarantee.
The inventory will arrive with Aldi's on approximately June 5th
Aldi's payment terms are 48 days from delivery date.
If all goes according to plan we will deliver inventory and invoice Aldi's on June 5th and the payment will be expected from them 48 days later (July 23rd).
I have allowed just over 3.5 total weeks (24 days) buffer time for any issues with delivery or payment timliness or though we do not expect any such delays.
If we receive our payment from Aldi's earlier than the end of our Co-Op we will initiate payment ahead of schedule.
In addition to Aldi's we sell this product direct to consumer through our website, on Amazon.com, and to other wholesale clients like QVC.com, the grommet.com, Johnlewis.com, Lakeland.co.uk, and many more.
We are excited to announce that we were JUST featured this March in Better Home & Gardens magazine print edition.
I look forward to a long term relationship with all of you, so please give me the opportunity to answer your questions in the comment section! Please know that I am currently traveling with the business, but I will respond in a timely manner to the best of my ability (and possibly at odd hours!).