Power Trucks USA

Power Trucks USA

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Security Type
Crowd SAFE
Categories
Automotive, Technology, Transportation & Storage
Min Investment
$100
Location
WARRENTON, VA
Offering Date
September 15, 2021
Expected Close Date
January 30, 2022
Target Raise
$25.00K-$1.07M
No. Investors
103
Security Price
$1
Valuation
$5,000,000
Number of Employees
8
Cash
$154,464
Revenue
$2,062,482
Short Term Debt
$409,370
Cost of Goods
$1,237,038
Long Term Debt
$834,720
Net Income
$-291,144

Company Description

PowerTrucks USA is the vision of owners Jeremiah Fiel and Whitecap Enterprises II*. With Jeremiah’s 12+ years in the truck accessory business as founder and owner of ASL Off Road (ASL) in Warrenton, VA – and Whitecap Enterprises’ 20+ years of building high performing, customer focused businesses – we're now the PowerTrucks USA family. Our primary business is selling and installing aftermarket truck accessories including tires, wheels, bed liners, lighting, stereos, and other truck and light vehicle accessories.

Key Deal Facts

Unique franchising opportunity to dominate specialty equipment market
Multiple lines of business with strong gross margins - 41%+
Servicing B2C - building dream jeep and trucks for consumers
Servicing B2B - building trucks and jeeps for the local auto dealerships
Revenue of $2.1M in 2020
$22.3B TAM
Highly fragmented market ripe for consolidation

Management Team / Advisory Board Bios

Jeff Shiring
Founder

Jeremiah Fiel
Managing Partner
Amount Raised : $98,158
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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