Major CLEARANCE used gear sale - shop all rental inventory

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c-JamesDong__20210817HelloAliceLastMinuteGear187_1633023738415

Hi there,

If you've been following along with our business, you know that we have been trying a last "hail mary" experiment. If you're a new customer - in short, our business has really struggled since COVID, you can read more here (part 1, part 2).

Because I never raised funds to do this experiment, there was always a risk that I would have to end it for any number of reasons - and regrettably that moment has come. 

(If you have an outstanding order with us, don't panic - all orders are still fine, we'll notify you directly if otherwise.)

I will write more details later, but in short, I am currently looking to give away the business, essentially for free. If you are interested, or know anyone who may be, there is some more information below, feel free to share.

While the business is being given away, the inventory will be for sale. I invite you to the used gear sale people have always wanted us to have!


Saturday, February 22, 12-5pm

For the first time, you will be able to shop our ENTIRE inventory of used rental gear at 50-75% off! Get snow gear for the remainder of the season, or get a head start on camping and climbing gear, examples of what we have:

>> Tents, sleeping bags & pads, backpacks, stoves, portable chairs, headlamps, lanterns

>> Snow jackets, pants, helmets, goggles, gloves

>> Crash pads, climbing shoes, guide books

For an estimate of pricing, you can browse our gear guides, check the "what we carry" section, and apply a discount to the indicated Buy MSRP price.

And... there are items that we also have that were new and never opened, also available at 25-50% off. Note that all sales of all items are final.

The sales raised here will help us with transition costs, so we're expecting and hoping for a large crowd! As a result, $5 individual tickets will be required so that we can appropriately staff the event, RSVP below

RSVP Now!

Thank you so much for your support over the years. There will still be a process over the next few months, and I'll continue to keep you updated.

James

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Looking to give away the business

Have any leads? Email me: james@lastminutegear.com

Highlights:

  • LMG was growing 30% YoY pre-COVID
  • I do see potential in the outpost experiment, but it feels like the early days of building a business where it needs a lot of hand-holding, which I don't have capacity for 
  • Therefore, I would love to offer the business as a head start for someone else looking to break into the outdoor world, rentals, or general entrepreneurship, and who has personal savings to maintain them while building
  • You'd get to do the more “fun” stuff - customer facing marketing/sales and product building; I've dedicated my time to building up back end operational efficiency - e.g., self-service lockers - to get to avg gross margin 70%

    Notes:

    • Legally, there has to be some monetary exchange for the business, so not literally free as in $0, but nominal
    • If there are multiple leads, I will consider best offer + values alignment and/or try to facilitate a group deal
    • No outside equity investors
    • No staff to be inherited
    • Easy lease situation
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