Company Performance Metrics
David Green: Chief Executive Officer
Solepalace online uses a unique computer software to secure high end limited edition sneakers on all major sneaker websites. We also sell high end limited edition sneakers to consumers. As of right now we purchase the sneakers at full from retailers like Footlocker, Eastbay and Nike and then sell them for a higher dollar amount. We are in the
process of opening a physical retail location. This way we can cut out the middle man and buy direct from the manufacturer. A physical retail location is required to get a Nike contract to be able to do this. By opening our physical location and having a Nike contract we will be able to double or even triple our revenue. Our online site has generated over $130,000 in less than 5 months with only 4.9% of that being used for operating cost. We have only been using one of many available revenue streams. We believe that we could easily top $1 million in revenue in the second year if we can get our flagship store opened.
