Larry Deberry
ocilla, GA (USA)
Role(s):
Founder/Owner/Principal
Stunnaz Fashion
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Startup
Location:
ocilla
Industry:
Retail/Clothing
Year Founded:
2007
Number Employees:
1-10 people
Description:
Stunnaz Fashionz , now in its second year, is a clothing and footwear retailer and was started with the funds of the owner and has operated on its own revenues and without external funding since its inception. The business was initially operated out of a cargo trailer in a typical roadside(jobber) tradition. Having experience substantial growth in numbers of customers and customer demand of products the company moved into a brick and mortar location. The store is located in South East Georgia, Ocilla (Irwin Co.); nearby cities of Tifton (Tift Co.), Fitzgerald (Ben-Hill Co.) and Douglas (Coffee Co.)puts the potential customer base at 60,000 to 85,000. S|F target customers in ages that range from toddlers to 55 years in age as well as amateurs and school athletic leagues/teams. S|F offers name brand urban styles clothing and shoes. S|F has no competitors in this area for the type of merchandise offered as the nearest stores are over 65-75 miles away from our central location. Our negotiated deals with suppliers allows us to reap a profit of 90-125% on clothing and 115-210% profit of shoes! Our yearly gross sales were [year 1{roadside sales} over $50,000] [year 2 $110,000+] and we estimate between $200K to $300K with funding [capital will be used to increase/purchase additional inventory and small portion used for working capital]. Stunnaz Fashionz looks to expand to one additional store within the next sixteen months and expects within three years to have a annual gross of between $450k and $500k. We are looking for a investor or partner to expand our cash flow, help us grow and in return give an investor a good return on their money.