Armadio cover feature

Armadio

Importing the luxury of Italy without the markups
$4,650 Raised
Ended March 21st
8 Investors

Italy makes some of the finest leather goods in the world, but those products are remarkably expensive by the time big corporations import them to the U.S. market. What should be a celebration of craft and tradition turns into a crowd of expensive, inflated products built for the mass-market. We provide the solution by purchasing top-end, luxury products from top Italian artisans and bringing them to the U.S. for a fraction of the price by cutting out the usual middlemen.

Why you may want to invest
  1. More than 4,000 clients in just over two years of business.

  2. Our MPV, a leather tote bag, saw a 30% repurchase rate over just 9 months, and we've even had six clients buy five colors of the same bag.

  3. Digital marketing ROI is just $2 on average.

  4. More than 6,200 active newsletter subscribers.

  5. We're transparent -- we sell our bags for between just 2.5x - 3x the cost.

  6. Margins are 60%. 

Learn more about this company

Company Details

Location
Dover, DE
Founded
2013
Employees
3

Key Team Members

Matteo Mattia Gemignani
CEO

Financials

Most recent Fiscal Year

Income Statement

Revenue
37%
$160,334
Cost of Goods Sold
34%
-$73,741
Gross Profit
36%
$234,075
Taxes
289%
-$338
Net Income
173%
-$550,215

Balance Sheet

Total Assets
36%
$157,052
Cash
52%
$80,164
Accounts Receivable
$0
Short Term Debt
64%
$16,738
Long Term Debt
112%
$933,513

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