GET A PIECE OF GARAGESKINS
A Simple, Ingenious Solution To Beautify Your Home
$177,694.79 Raised
REASONS TO INVEST
Proven scaling production: 66 units shipped from Alaska to Florida, all made in the US, with a developed and validated production process, and lab and real-world tested for environmental stress.
Retooled for growth: The retrofit of our production facility is in progress plus our automation equipment has been identified with purchase orders ready to go.
Strong $2.27B market: 4.1K requests to order, 200+ orders in backlog (with minimal ad spend), & $805K revenue to date. Plus over 30M existing garage doors are compatible with our systems, just in the US!
the pitch
Inspiring Exteriors in a Snap
Are you tired of settling for your lackluster garage door? GarageSkins, Inc. was founded by Rick Medlen, an innovator, engineer, and homeowner with a desire for a high-quality, real wood garage door. But after searching tirelessly for a beautiful garage door, he found the “best” steep price of $8,500 which was definitely out of the budget. So with a passion for innovation and an engineering background, Medlen set out to create the ultimate solution for homeowners craving the beauty of a solid wood carriage house garage door—without breaking the bank.
At GarageSkins, we've perfected the art of transforming ordinary boring garage doors into beautiful high-end designer doors quickly, easily, and at a fraction of the cost of a real-wood garage door. Our patented real wood garage door overlay systems boast an ingenious DIY "snap on" magnetic installation. The secret lies in our lightweight underlayments, bonded with exquisite real wood veneers and embedded with ultra-strong rare earth magnets, resulting in a stunning, high-quality garage door that we believe can add 6x value to your home.
GarageSkins is on a mission to help you elevate your home.
THE opportunity
Creating an Affordable Alternative to Transform your Garage Door
There are a few ways to upgrade your existing garage door. Replacing it with real wood, adding faux paint, even installing add-on faux hardware and windows all can dramatically enhance your garage door’s look, but the bottom line with these options is that they are costly, timely, and require manual labor, according to our research. Our affordable and unique new panelized overlay systems bring a brand-new, accessible solution for customers who are looking for a simple, quick, and affordable way to upgrade their garage doors, without breaking the bank.
Unlike traditional methods such as real wood replacements or faux paint, GarageSkins offers a unique panelized overlay system that effortlessly transforms your existing garage door into a high-end masterpiece. Our revolutionary product, protected by our already-issued US utility patents, replicates the look of a $10,000 real wood garage door without the need to upgrade any of the opening components. It's a cost-effective and time-saving solution that puts the power in your hands. With our direct-to-consumer (DTC) model, we cut out the middleman and attempt to keep the pricing affordable for almost any budget. Plus, our scalable production capabilities in our 60,000 sq. ft. factory enable us to meet the market demand.
THE market & our traction
The US home décor market size is estimated to reach $158B by 2027*
Our industry is a unique one as GarageSkins does not operate in the garage door market, but rather our product aligns more with home decor, as we do not produce the garage door itself or its mechanical systems. As the US home decor market continues to flourish, with a projected value of $158 billion by 2027, GarageSkins aims to capture the attention of homeowners who prioritize the overall ambiance and completeness of their living spaces. (Source)
Our target customers are discerning homeowners residing in suburban areas, boasting a median or higher level of annual household income. These individuals understand the value of investing in both the exterior and interior of their homes, and they crave an immediate enhancement to their home's curb appeal. With GarageSkins' innovative overlay system, we believe these homeowners can achieve a stunning transformation that will make their neighbors green with envy.
From being featured in esteemed publications like Charles + Hudson and This Old House Magazine, to receiving a US utility patent and registering a US trademark, we believe GarageSkins is making its mark. (Source) We believe the demand for GarageSkins is undeniable, with over 4,500 requests to order pouring in. We have identified and secured a robust supply chain for our raw materials to ensure seamless production and delivery. With development completed, prototypes successfully installed, and our first products shipped, the response from customers has been overwhelmingly positive.
why invest
Join GarageSkins and Beautify Homes Across the US
As we continue to rev up the momentum, our website remains a hub of activity, with over 4,500 potential buyers eagerly waiting for their chance to transform their homes with GarageSkins. Builders, realtors, stagers, and homeowners contact us all the time looking for an affordable garage door transformation product. We believe our optimized production process, state-of-the-art equipment, and dedicated team ensure that we deliver the highest quality home improvement goods while fostering an atmosphere of diversity, accountability, equality, and open communication. With phase one successfully underway, we're gearing up for phase two with a production plan designed to rapidly scale our output without sacrificing the high quality that’s core to our company.
Led by a seasoned management team with deep industry connections and expertise in startup operations, we believe GarageSkins is positioned for success. Our focus on building inventory and meeting order demand aligns with our commitment to providing the highest service standards to our customers, suppliers, and retail partners.
Don't miss your chance to be part of this groundbreaking journey. Invest in GarageSkins today and become a key player in shaping the future of home improvement.
ABOUT
HEADQUARTERS
570 S Clearwater Loop, Ste E
Post Falls, ID 83854
WEBSITE
View Site
GarageSkins, Inc. was formed to develop, launch, manufacture, and sell our patented GarageSkins real wood garage door overlay systems across the US. We have 4,141 requests to begin an order, 210+ orders in backlog and have achieved $805,000 revenue to date.
TEAM
Rick Medlen
Founder, CEO and Chairman of the Board
Ronald Doornink
Board Member
He serves as director on the board of two privately held companies: Stella & Chewy's LLC and GarageSkins LLC. He also serves as director on the board of Fight Colorectal Cancer, a non-profit. His past associations include serving on the boards of Activision-Blizzard, Columbia Business School, and the Prevent Cancer Foundation. Earlier, Ron served as president of Activision, chairman and chief executive officer of Activision Publishing, and president of Hunt-Wesson Snack Food, a division of ConAgra Foods.
Prior to this, he held progressive positions in marketing and general management with the Procter & Gamble company. Ron holds an MBA degree from Columbia University and received his degree in economics from the Hogere Economische School of Arnhem in the Netherlands. Ron has four grown children; he and his wife, Martha, reside in Boerne, Texas.
Julie Medlen
Vice President of Sales and Marketing
After owning my own interior design agency for 9 years, I accepted a position as one of the initial employees of Custom Decorators, Inc. This company grew to almost 1,000 employees and I grew with it, eventually managing several states, and acting as the corporate liaison with most channel partners, which included The Home Depot, Macy’s, DirectBuy, Sam’s Club, and Costco. It was this position I left to help start GarageSkins, Inc.
Robert Brock
Vice President of Operations
Chris Erickson
Board Treasurer
TERMS
GarageSkins
Overview
PRICE PER SHARE
$0.84
DEADLINE
Dec 8, 2023
VALUATION
$12.29M
FUNDING GOAL
$15k - $618k
Breakdown
MIN INVESTMENT
$499.80
MAX INVESTMENT
$617,999.76
MIN NUMBER OF SHARES OFFERED
17,857
MAX NUMBER OF SHARES OFFERED
735,714
OFFERING TYPE
Equity
ASSET TYPE
Preferred Stock
SHARES OFFERED
Series A Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Loyalty Bonus
If you previously reserved shares in GarageSkins's Testing the Waters Landing Page, you will receive 5% bonus shares.
Time-Based Perks
Super Earlybird Bonus - Invest within the first 7 days and receive 10% bonus shares
Earlybird Bonus – Invest within the first 14 days and receive 5% bonus shares
Volume-based Perks
Tier 1 Perk — Invest $2,000+ and receive 2% bonus shares
Tier 2 Perk — Invest $5,000+ receive 5% bonus shares
Tier 3 Perk — Invest $10,000+ and receive 10% bonus shares
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
The 10% StartEngine Owners' Bonus
GarageSkins, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series A Preferred Stock at $0.84 / share, you will receive 110 shares of Series A Preferred Stock, meaning you'll own 110 shares for $84. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.
PRESS
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$499
Earn 10% Bonus Shares
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
$2,000
Tier 1 Perk
Invest $2,000+ and receive 2% bonus shares
$5,000
Tier 2 Perk
Invest $5,000+ and receive 5% bonus shares
$10,000
Tier 3 Perk
Invest $10,000+ and receive 10% bonus shares
JOIN THE DISCUSSION
0/2500
Christopher Middleton
11 days ago
Hey @GarageSkins -- how is production coming? I placed an order on 4/12/22 (#0270), and am still waiting. I believe in you guys, but just looking for an update...
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Alan Underwood
11 days ago
Looking Good Rick! Thanks for the opportunity to invest again into your dream... seems unreal how far you have taken it and I look forward to your success!
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Timothy Scafaria
14 days ago
Hey Rick,
I'm interested in investing - what a great idea! A couple questions I have
1. How often will you update investors with your progress after the raise?
2. How do you define an order / requests to begin an order? What is the difference between requests to begin an order and orders in backlog? I'm hoping to get more context here "We have 4,141 requests to begin an order, 210+ orders in backlog"
3. Also, you might not be allowed to share, but what are some possible exit opportunities you're thinking about?
-Tim
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
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SECURE
Your info is your info. We take pride in keeping it that way!
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
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Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
David Amin
9 days ago
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