Recur Outdoors cover feature

Recur Outdoors

Disrupting the fishing industry through creative monthly subscriptions
$195,095 Raised
Ended March 8th
321 Investors

We started with Postfly, the 1st subscription-based monthly flybox, to help new fishermen break into the sport. By curating flies, fishing accessories, and fun branding products in one monthly box, we built Postfly to a more than $120k per month business. We now have four digitally-native vertical brands in the fishing industry, all of which focus on a recurring revenue model. Together, the monthly subscription possibilities could re-define the gear industry and bring thousands more to fishing.

Why you may want to invest
  1. Over $3.5MM revenue to date, $1.3MM in 2017.

  2. We currently have over 7,000 paying monthly subscribers between Postfly and The Wade Rod Co.

  3. Monthly subscriber retention rate averages 94%.

  4. 180K+ shipments made to our customers.

  5. More than 200K combined followers for our social media channels.

  6. Tech-enabled kiosks to sell our high price point/high margin gear from Wade Rods and Pelican Reels expected rollout early 2019.

  7. Raised $550k in earlier seed rounds.

Learn more about this company

Company Details

Location
Newbury, MA
Founded
2016
Employees
5

Key Team Members

Brian Runnals
President, Founder

Financials

Most recent Fiscal Year

Income Statement

Revenue
74%
$1,250,167
Cost of Goods Sold
110%
$649,868
Gross Profit
47%
$600,299
Taxes
$0
Net Income
282%
-$23,075

Balance Sheet

Total Assets
304%
$450,769
Cash
187%
$143,330
Accounts Receivable
$0
Short Term Debt
4%
$250,384
Long Term Debt
$121,463

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