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Security Type
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Debt
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Categories
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Retail, Technology
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Min Investment
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$100
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Offering Date
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July 30, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$1.07M
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No. Investors
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287
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $153
- Revenue
- $4,205
- Short Term Debt
- $111,838
- Cost of Goods
- $40,699
- Long Term Debt
- $113,991
- Net Income
- $-221,513
Company Description
Aussie Soles is an established Australian footwear brand offering podiatrist-approved orthotic sandals that help alleviate common foot pain, look stylish, and feel great to wear, all while being sustainably made and supportive of the community.
Key Deal Facts
75% of Americans experience foot problems. We have the solution.
American Podiatric Medical Association (APMA) approved our key Starfish orthotic products
Made with AusLite sustainably sourced sugarcane for outsoles, and recycled bottles for straps
98% of Podiatrists taking part in our 2019 UK College of Podiatry study would recommend Aussie Soles
Ethically grown Australian Merino Wool fibers used in orthotic trainers, leisure shoes, and Uggs
Launch of our USA business based on tried and tested success with our partners in Australia
$116 Billion global markets in sandals and other footwear
Scoring of 4.8/5.0 on TrustPilot (.uk and .com sites). We also have 2,800 4.5+⭐ Yotpo reviews
Management Team / Advisory Board Bios
Craig Taplin, Director & Founder
Experienced and determined founder launched Aussie Soles and has taken the brand to great heights. Winner of Small Business of the Year on the Sunshine Coast Qld in 2018 and was a finalist in 2019. Launched the BuyOne GiveOne initiative in 2019
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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Business Traction
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Management Team
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Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.