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May 12, 2015 5:25 EST

RAREFORM: Upcycling billboards into unique bags

iCrowdNewswire - May 12, 2015

RAREFORM

Upcycling billboards into unique bags

Camarillo, CA

rareform.com

 

  • FUNDING ROUND
  • Status TAKING RESERVATIONS
  • Target $500,000
  • Reserved NEW
  • Pre-money Valuation $3,000,000

 

  • SUMMARY
  • Team Exec team with experience in action sports and retail.
  • Performance 150% sales growth from previous year
  • Unit Level Economics Unit margin: retail – 65%, online – 85%
  • Customers Whole Foods, REI, Sport Chalet, Journeys, Patagonia, Quiksilver
  • Potential Acquirers Quiksilver, Billabong, VF Corp, Freitag, private equity
  • Advisors Josh Sweeney, HippyTree; David Sinatra, Stussy; Neff; Volcom

PRODUCTS

Rareform upcycles billboards and transforms them into one-of-a-kind bags and accessories: surfbags, backpacks, duffle bags, totes, wallets, etc. Each piece is unique and eco-friendly.

TEAM

Alec Avedissian, Founder, CEO

08′ Alum of Westmont College, BA in Economics & Business and Spanish Worked and traveled in South America after college and was there that he came up with the idea for starting the brand, Rareform.

Aric Avedissian, Partner 

Aric Avedissian graduated from Westmont College in 2012. Prior to joining Rareform, he worked at Edeck in mobile technologies concentrating on business development and operations/logistics with current vendors.

 

FINANCIALS

  • HIGHLIGHTS
  • Revenue150% sales growth from previous year
  • DistributionWholesale, Direct, Ecommerce, Int. Distributors

DEAL DETAILS

  • FUNDING ROUND
  • StatusTAKING RESERVATIONS
  • Target $500,000
  • Reserved NEW
  • Pre-money Valuation$3,000,000
  • Round Type Equity
  • Entity Type LLC

 

 

 

Contact Information:

Alec Avedissian
Aric Avedissian

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