The OLLO Group
High-performance sneakers
Analytics
Raised to Date: $64,962
Aggregate Commitments $
StartEngine
11/26/2020
04/30/2021
$10,000
$1,070,000
$270
Equity - Common
RegCF
Pre-Seed
$4,500,000
Weekly Commitments $
Active
02/24/2021
63
650%
6%
$722
103
Torrance, California
Apparel & Fashion
Non-Tech
B2C
Medium
High
The OLLO Group, with a pre-money valuation of $4.5 million, is raising funds on StartEngine. The company manufactures high-performance footwear for athletes. The shoes of The OLLO Group offer strong grip and function well in highly demanding environments. William Howes founded The OLLO Group in 2012. The current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to solidify the company’s position, expand the market share, and increase revenue. The OLLO Group is led by an experienced team and has built a strong foundation in the past eight years. It has over 20,000 loyal customers and plans to grow further with its unique business model.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$157,709 |
$194,439 |
|
COGS |
$137,385 |
$114,924 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,545 |
$-8,589 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,738 |
$15,428 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$53,502 |
$51,822 |
|
Short-Term Debt |
$8,689 |
$8,334 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,689 |
$8,334 |
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