Fresher Products Limited, LLC

Hungry Fan Co-Op 3: GrillHogs Holiday Inventory

New York, NY

https://hungryfan.com/

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Total Raised
$44,697.50
Total Payout
$50,052.50
Instructions
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Inventory Visibility Type

16.88% Annualized $21.42 profit per pack

8.6 MonthsCo-Op Completed

28% Percentile Annualized Co-Op Profit Margin Rank

This Co-Op will be used to purchase inventory for 85% of our product portfolio leading into Q4 of 2021 and Q1 of 2022. We have spent many many months in a product development and design phase introducing a new and Improved version of our existing #1 Best Selling Barbecue Grill Tongs. This redesign will introduce a more premium wood handle, both Oakwood and Walnut. In addition, we will be launching a dishwasher - safe version in a soft rubber grip. After recent accolades and exposure, being featured in Rolling Stone for the "Best Grilling Accessories For Summer", we have decided to take this to the next level by introducing two new variations and a new and improved design by professional product developers. We have been in business for over 5 years and have a consistent track record of sales. Hungry Fan is an eCommerce-only business with products retailing on Amazon, eBay, Walmart, and in our own Shopify store.  We have experienced tremendous post-COVID growth and now need assistance supporting an increased volume of orders and new and improved versions our top selling items.

Our Amazon sales channel is the most established. Shopify, Walmart, and eBay were all recently launched and are generating sales.

Our supply chain and logistics processes are well established. The products are private label and manufactured in China. We have a 5+ year relationship with the factory, and the product defect/refund rate is below 3%. We also have established post-production and pre-shipment inspection processes.

Similarly, we have worked with our freight forwarder for over a year and they are consistent in performance. We only use third-party fulfillment domestically, and the majority of the inventory is housed by Amazon in FBA facilities.

Based on our prior year sales, increased Amazon sales channel growth (>100%), and the addition of new retail channels, we anticipate selling through this inventory 90 - 120 days.

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