We expect sales to be over $2MM in 2020 and need funding our inventory needs in order to scale. We are excited about our first Co-Op on Kickfurther as we want to grow with the community of backers that believe in us.
Perk has plans to aggressively scale sales of current categories as well as launch a performance pant in the near future that will require additional funding, so hopefully this will be one of many more Co-Op opportunities.
We are extremely confident in our projections and our capacity to deliver as we have over 15 years of industry expertise, our products are beautiful and functional, our store is high converting and we have a proven track record.
We've specifically designed this deal to be small, manageable, and have a rapid turn around and so if this Co-Op is successful, we expect we can expand into larger co-ops.
The inventory will be kept at third party fulfillment provider and sold through our site. Our 3PL is extremely efficient and 80% of our clients receive their orders within the US, 4-6 days after they have been placed.