This Co-Op has been reposted with:
Less Inventory/Lower Total Raise Amount
Shorter Timeline (Less inventory will sell through quicker)
Higher Profit Per Month!
We believe this is a very strong offer and look forward to a successful raise!
Ronbow is excited to introduce itself to the Kickfurther community! We are planning to finance a single one of our SKUs as a test for a larger more long-term opportunity. We manufacture and sell vanities, sinks, mirrors, medicine cabinets and other high end bathroom accessories. With over $15M in sales in the last 12 months, the $116k raise will just go towards production of the 36 inch Amora bathroom vanity. This is one of our featured models in the most popular size.
My name is Jason Chen, I started this business back in 2002 and it's been growing steadily since then. We have experienced significant growth in the last couple years to the point where to keep up, we are benefiting from raising funds to assist with production. I'd like to continue to ramp this growth and plan to use Kickfurther as key contributor long term. I understand the pay as you sell obligations that I would have to the community and plan to demonstrate my reliability with on time or likely early payment in order to tee up a larger second Co-Op. In the event that any unforeseen obstacles come up, we agree to use other revenues to complete our obligations on time. With expected revenues to keep increasing beyond our $15M in the last 12 months, this would be no issue from a cash-flow standpoint.
We are based in California and we have manufacturing facilities in Hong Kong, which is where the units for this Co-Op will be produced. They will be stored in our warehouse near our corporate offices and will continue to sell them through our various wholesale relationships. We have thousands of buyers both in the US(US Site) and internationally(Europe Site) with notable larger accounts like:
and many more...