SPONGELLE

SPONGELLE's First Co-Op!

Los Angeles, CA

http://spongelle.com

Total Raised
$231,650.00
Total Payout
$249,550.00
Instructions

Inventory Inspection Type

21.7% Annualized $3.58 profit per pack

4.3 MonthsCo-Op Completed

61% PercentileAnnualized Co-Op Profit Margin Rank

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 are excited about our first Co-Op on Kickfurther so that we can finance several PO's we have in house for a major retailer.  We want to finance the inventory for these orders with the help of our community and fans which is why we decided on Kickfurther. We look forward to this being the first of many Co-Op opportunities in the future as we continue to grow and scale. We have additional forthcoming orders pending from this retailer, and so if this Co-Op is successful, we intend to do additional co-ops in the future when the new PO's come in. This retailer is extremely punctual with payments as we have had a relationship with them for over 3 years. 

http://www.spongelle.com

Image title


Image title


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 


Please Login to see Additional Information.

×

Leave a Review


×

Join our mailing list!

Enter your email to get notified about exciting new Co-Ops: