Looking for capital to fund growing apparel business. Here is my situation.
Our Business:- We are a Clothing Line/Brand in the Extreme Sports/Action Sports space.
- We launched our business 4 months ago and have already secured 20 retail accounts and have just landed the largest distributor in Canada and the largest Distributor in the UK who are picking up our line to sell to retailers in these two countries.
- We sell 95% wholesale and 5% direct to retail customers through our website. Our focus is selling wholesale and through distributors.
- We have a manufacturing license with a printer that sources, builds, warehouses, ships, invoices and collects on all our wholesale and distributor accounts. They carry all the terms with these customers and then pay us upon receipt of payment; We get 40% of gross sales.
- We buy packaged and tagged product from printer to sell retail through our site and do all the fullfillment for this ourselves.
- Retailers love our brand, say it has decent sell-through rates to their customers but they are ALL telling us that we need to start investing heavily in event and athlete product placement to get national TV exposure to get the casual fan to identify, attached themselves to and purchase our clothing.
- We have enough traction to know our business costs and sales metrics, current and future sales pipeline volumes and we have created a business plan and a Break Even analysis to pin-point our capital needs. We figure we need approximately $375k to $450k to found the next 12 months of growth and provide an investor a healthy return between %15-%20 cash on cash EOY1
QUESTON:
What are the available channels to find investors for our company?
Are there particular websites, industry associations, investment companies that will help match us with an investor?
Any help would be greatly appreciated.
Thanks in advance,