My company Correct Merch opened up our first brick & mortar location on the Las Vegas Strip in July 2021. We are in the sneaker/streetwear resell business which is a growing industry that has exploded in the past 5 years. The industry has is starting to become mainstream and is showing no signs of slowing down. We have seen huge numbers and lots of success, and are looking to scale the business. I am 26 years old and one of the youngest business owners in the history of the Las Vegas Strip. In our first year we did just under $1 million in sales. I am looking to raise capital because 30-40% of our sales were on consigned items where the store only took 10% rate. I am looking to borrow capital to own all the product that is sold and store- and having margins no less than 50%. The business can be scaled with access to capital, as I believe we have barely even scratched the surface. We have made a huge splash in Las Vegas with over 30 world renowned celebrities visiting the shop and purchasing garments from us. In our first year we have accomplished many incredible things but I know with some extra capital we can continue to scale the business.
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