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Sportswear Company Seeking Loan in Baltimore, United States

Maryland-based yacht racing team brand seeking funds to procure boat to participate in America's Cup.

Established 1-5 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 5 - 6 thousand
Run Rate Sales USD 24 thousand
EBITDA Margin 30 - 40 %
Industries Sportswear
Locations  Baltimore
Local Time 11:05 PM America / New York
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 2.5 million for 11.0% annual interest, 1 year (Native Currency: USD 2,500,000)
Reason: Seeking funds to procure the boat required to be able to participate in the America's cup for yacht ... View More
Collateral Available: USD 0
Includes physical assets worth USD 75 thousand
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Business Name
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Business Overview

- A yacht racing team brand, based in Maryland.

- We have finally received the approval for participating in the America's cup for yacht racing.

- Yet to procure the boat. The feature of this boat is that it sails at about 2 to 3 feet above water level and moves at 50 miles/hour.

- Products being sold on our website include our team's jerseys, caps and stickers.

- So far, we have sold over 5000+ jerseys and aiming to sell 50k+ once our team is ready to participate.

- Our jerseys are priced at USD 95 each.

- Aiming to generate a revenue of over USD 3.5 million during the America's cup competition period.

- Partnered with some top institutes such as NASA and MIT.

Products & Services Overview

Products being sold on our website include our team's jerseys, caps and stickers.

Assets Overview

Physical assets include office furniture, interiors, equipment, computers and stock of jerseys, caps, t-shirts and stickers.

Facilities Overview

Rented office space of ~1,800 sq ft, located in Baltimore, Maryland. Rent is USD 200 per month.

Capitalization Overview

The business is elf-funded.

Having a debt of USD 25k.

There is one owner, holding 100% shares. .

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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