Nettleton Shoes

Nettleton's 4th Co-Op on Kickfurther

Coral Gables, FL

http://nettletonshoes.com

Total Raised
$61,495.20
Total Payout
$67,340.00
Instructions

Inventory Inspection Type

9.5% Co-Op Profit Margin $28.10 profit per pack

5.9 MonthsDuration

74%PSC

Purchase Methods

Note: The owners of this Co-Op will be reimbursed an amount between 5 and 6 thousand dollars against a deposit they had previously paid on this product. These funds which are not allotted for any production purpose on this Co-Op will be applied to complete Co-Op 3. If you have any questions feel free to ask!

** We have cannot reveal our retail partner's name, due to their wishes, but they are a brand owned by the Hudson Bay Company. **

Hello KF Buyers,

Nettleton shoes is back! We have completed 2 Kickfurther Co-Ops (1st in 2016 and the 2nd earlier in 2018) and our 3rd Co-Op is less than 10% from completion.  This deal will be very similar to our most recent deal number 3. This deal will primarily cover inventory that will be sold to the same wholesale partner owned by the Hudson Bay Company as last time. This order will be fulfilled over a 3 month period and the payments will be more than sufficient to cover this Co-Op. We still have two additional lines of business that will also create cashflow to support keeping our deal on schedule. 

We've worked very hard to demonstrate our commitment to communicating with our buyers and we've found a reliable portion of our business that works very well with the Kickfurther model.

Our Suppliers are thoroughly vetted and production is initiated and on schedule, and these funds will be used to release the goods for shipping. 

We have structured this deal as pay as you sell because the process to be set up as a payee with our retail partner took months and it is not feasible to switch it to KF. It also means that if we secure additional sales of the product line through our independent sales distributors or by our own efforts at our tradeshows that those sales will also speed the payout. 

Overview Information

Supply Chain

We have already placed an initial deposit to begin production with suppliers to ensure timely completion. 

Shipping

We will have the units shipped to our facility in the US over a month before the first shipment is due to the retail partner. This way we can ensure timely delivery by Truck without the risk of unexpected delays at the port. 

Sales Channels

We expect the majority of these units to be sold to our main retail partner whose order value is well over the production cost. That said these are products that we will be selling to our numerous independent retail customers through 3 primary channels:

  • Repeat Orders

  • Sales from our independent sales reps

  • Sales we secure at tradeshows we attend in the spring

Payment Terms

Our payment terms are appropriate to our vendor and we anticipate a pleasant experience. 

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Nettleton Shoes is a very established family business with multiple owners, high-quality product and a track record of responsibility on Kickfurther. This co-op will be similar in size to the 2 co-ops we completed successfully on Kickfurther and represents less than 10% of our revenue. We are financing goods we already have retailer commitments for. This means the schedule should be very dependable since there are fewer unknowns than in our previous deal. 

We look forward to a smooth and profitable experience for our buyers. 

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