Phat Scooters

Phat Scooters 3rd Co-Op: Phatty & Sports 20AH's

Tempe AZ

http://www.phatscooters.com

Total Raised
$73,787.00
Total Payout
$78,745.00
Instructions

Inventory Inspection Type

16.68% Annualized $49.58 profit per pack

4.9 MonthsCo-Op Completed

29% PercentileAnnualized Co-Op Profit Margin Rank

Hello KF,

We are back! We paid out two weeks early on our first Co-Op, and we raised funding for our second Co-Op in less than 1 hour after launch. We are coming back to the KF community for help on our fall inventory. In order to create a more manageable pack size for our buyers, we have divided this raise into two concurrent Co-Ops. This Co-Op will cover our Phatty 20AH and Phatty HD SKUs. 

Since we launched our first Co-Op over two months ago, we have ordered another 500 scooters. 200 of which are already on the water and the remaining 300 are in process or just being ordered. There is sufficient inventory that will become available over the next 2 weeks to begin sales and invoices immediately after funding. 

Here is some background on our company:

Our business has been built on direct to consumer sales (where we have the strongest margins!), but now we are expanding with our HD line which can be used for golf, security, and commercial rental businesses. While we will continue to grow our consumer offerings and customization, we also successfully launched our Phat Golf brand at the PGA show in January and recently announced deals with PGA Pro Pat Perez, William Murray Golf and The Chive (images below) to help us scale up that portion of the business to even greater heights. 

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