SPONGELLE

Spongelle Co-Op #2 to fund Coconut Hand Cream

Inglewood, CA

http://spongelle.com

Total Raised
$368,480.00
Total Payout
$399,700.00
Instructions

Inventory Inspection Type

16.11% Annualized $2.23 profit per pack

6.4 MonthsCo-Op Completed

26% PercentileAnnualized Co-Op Profit Margin Rank

SPONGELLE is back for round 2 after completing a very successful first Co-Op. Spongelle has been around for several years manufacturing and distributing a line of very unique Body Wash Infused Buffers. We have expanded over the years into other categories including Body Lotions, Diffusers, Hand Creams, and Body Souffles. 

We have several streams of revenue including Direct to Consumer on our website -- www.spongelle.com

Sales on JUST our site have expanded online going from $400K in 2017 to $1.4MM in 2018, and on track to hit $2.2MM in 2019. Our site remains a minority of our revenue. We also have a strong wholesale business as well as international distribution with our products for sale in markets such as the UK, Japan, Australia, Canada, Italy, France, Benelux, and the UAE. 

We want to grow with the help of our community and fans which is why we decided on KickfurtherWe were pleased with our first Co-Op and excited about what we can do going forward. We want to finance the inventory for an order from the same customer as last time. We look forward to a growing partnership. This retailer is extremely punctual with payments as we have had a relationship with them for over 3 years. 

http://www.spongelle.com

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Media Placements 2016 - 2019 

Retailers we partner with: Anthropologie, Boxycharm, Massage Envy, Bloomingdale's, Waxing the City, Planet Beauty, Ritz Carlton, Four Seasons Resorts, Hilton Worldwide 

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