Slabmags

Premium Protection For Your Favorite Trading Cards

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Form C
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Security Type
CAFES
Categories
Consumer Goods & Products, Community & Lifestyle, Entertainment, Financial Services, Retail
Min Investment
$100
Location
ONTARIO, CA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$250.00K
No. Investors
110
Security Price
$1
Website
slabmags.com
Number of Employees
2
Cash
$124,595
Revenue
$245,574
Short Term Debt
$31,667
Cost of Goods
$182,852
Long Term Debt
$0
Net Income
$1,032

Key Deal Facts

No debt and a $500,000 run rate growing 90% YoY.
Already established credit line for upcoming and future purchase orders.
Looking for strategic partners such as auction houses, grading companies, and mobile apps.
Qualified brands can gain extra exposure through our web and print advertising channels.
Over 200 Slabmag dealers worldwide with further growth opportunity in-store retail & e-commerce.
Growing social media presence with over 16,000+ followers.
Modular & versatile case design accommodates most types of graded & non-graded cards and wax packs.
The most extensive selection of cases in all sizes & colors for the top grading companies.

Management Team / Advisory Board Bios

Albert Young PartnerA seasoned entrepreneur with over 15 years of operations, sales, and management experience. Albert brings a wealth of expertise to revolutionize the sports card industry, merging a lifelong passion with a proven track record in business leadership., Cory Hanson PartnerA coach, seasoned sales professional, and avid Barry Sanders collector, draws on his educational background to introduce more young collectors to The Hobby., Tim JuangPartnerWith two decades of expertise in overseas sourcing, manufacturing, and logistics, Tim, a seasoned business owner, channels his experience to shape new products tailored specifically for The Hobby., Kevin TsaiPartnerLeveraging over two decades of ecommerce experience, Kevin contributes a wealth of expertise in online sales to the team. His mission is to elevate the hobby by introducing innovative, game-changing products for collectors.
Amount Raised : $247,990
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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