Hi, this is a very generous payback offer, especially for a young company that has a high quality product, shows nice revenue growth, and gets positive consumer feedback. My questions are simple: Could you describe the reason for the jump in short term debt, and the high COGS ...

Hi Alan Thanks for the mail and your interest in Ridgemont. The reason for the jump in short term debt and high cost of goods sold were due to our previous wholesale model approach to bring the brand to market. This was expensive and involved national sales teams as well as national and international trade show attendance. In addition we invested in significant stock levels to feed the expected demand. Unfortunately the wholesale market has been slow to embrace our vision but the end consumer...

How long will it take for you to pay back investors?

Hi Leonel Thanks for the mail and question. This model that Wefunder have recommended doesn’t specify a timeline as the repayments are linked to the company's revenues. The faster we grow and generate revenue then the faster we repay the investor. Obviously it is pro-rata to the amount we raise. As an example if we raise $250,000 and based on our projected revenue of $800,000 for 2017, if revenues grow at 50% per annum then the loan will be fully repaid in 3 years. If we raise less and/or gro...

When investing, do we get to pick the product ( shoes and shirts) that we get for free?

Hi Tracy Thanks for the mail and the interest. For the shoes, yes you can choose anything that’s available on the website. For the shirts we were going to design and manufacture a special edition ‘Ridgemont Supporters’ T-shirt only available to our investors. Hope that helps and if you have any further enquiries please get in touch. Thanks

Please define "net revenue" in case of this deal? A percentage on gross would have been much clearer to investors. Thanks!

Hi Barnaby Thanks for the mail and the feedback. In this case 'net revenue' means revenue net of shipping and any sales taxes etc. I will speak to Wefunder about clarifying the text on the document. If you have any further questions please don’t hesitate to ask. Thanks again

Can you elaborate on your competitive strategy ? How are you going to beat the big players? How much is your traffic cost ? Is their any other advantage than cost effectiveness? What are you concern about competition? Can anyone copy your concept ? How strong are your patents ...

Hi Pravesh, our competitive strategy is to offer functional outdoor footwear that is also fashionable. Something that, in our opinion, is not offered by other brands. Our aim certainly isn't to be cheaper than our competitors but to offer a great looking performance product with a good margin. In respect of trademarks, the Ridgemont brand is currently trademarked in 35+ countries, incl the USA, all executed through the relevant patent/trademark organisations and we add to it as we need to. Th...

Ridgemont Outfitters

Footwear designed for style and adventure

ridgemontoutfitters.com

Signal Hill, CA

Consumer Goods Retail Travel & Tourism B2C Fashion

Highlights

100% revenue growth year on year

56k visitors to website in last 12 months up 50% on previous 12 months

Founders started three other apparel and athletic brands prior to Ridgemont

Website converts 4% of visitors

Team

Downloads

Outside Heritage.pdf
Outside Mesa.pdf
Outside Outback.pdf
Video Transcripts

Overview

Ridgemont Outfitters

Quick facts

Team profiles

$195,272

Highlights

Related company links

Team

Downloads