Beckett & Robb Opens in San Francisco
Beckett & Robb, Menswear
Founded in 2009, Beckett & Robb has become a popular custom clothier in Utah. The brand was created with the simple idea that there was an unmet segment of the suit market. Historically custom suits and shirts have either been extremely expensive European brands, or cheap with poor quality Asian-based companies. By eliminating all of the middle men, selling directly to the public, and taking a more reasonable margin than luxury brands are known to take, Beckett & Robb is able to offer an extremely high-quality, fully custom suit made of British or Italian cloth and manufactured in Europe at a price that is competitive with most department stores off-the-rack selection.
Having built a scalable production back end, and with thousands of happy local clients, the team at Beckett & Robb was ready to expand. "We know we are ready for the big show," said Jason Yeats, co-founder of Beckett & Robb. "We feel like our product can go toe-to-toe with any luxury brand on Earth and win on value or quality. So we started looking for investors that would share our vision and help us achieve our goals. When we found Rock & Hammer Ventures, we knew we'd found the right partners. With their help we prepared to open a store in San Francisco, which opened in early November in the heart of the Financial District."
"Beckett & Robb is a great candidate for revenue-based financing because of their strong founding team, market traction and scalable revenue model." said Nick Macey, a partner at Rock & Hammer Ventures. "We're especially excited about the successful launch of their San Francisco store, which is clearly demonstrating this team's ability to grow their business." Opening the store is only the first part of the need for funding, with several exciting announcements forthcoming in 2013.
The team at Beckett & Robb was interested in more than just capital. "We wanted a true strategic partner, with operational experience," said Derek Bleazard, co-founder of Beckett & Robb. "Finding money is easy. Finding investors that can mentor us and help us develop the business into what we know it can be is much more difficult. We've found that in Rock & Hammer. Their investment structure directly aligns our goals, which is unique compared to other funding options." "We also appreciated that their model is so entrepreneur friendly," added Yeats. "It allows us to scale with a capital cost that is much less than selling equity."