Headlines

Failing T-Shirt Company Becomes a $40 Million Business

Two college kids bought the company for $16,000, and the rest is history.

Published

2 years ago

July 25, 2022

Fresh Prints (New York) is a custom apparel powerhouse, but just 10 years ago, it was on the verge of failure.

The comeback started soon after Josh Arbit and Jacob Goodman, two college students from Washington University in St. Louis, acquired the struggling outfit for $16,000, Entrepreneur magazine writes.

They were immediately scammed by a customer for $8000, the article says, and also owed $25,000 for licensing royalties that Fresh Prints’ founders didn’t tell them about. “We didn’t know what due diligence was. And we were like, ‘Oh, are we going to have to shut this thing down right away?'” Goodman says.

They solved those issues, however, and today the company has 290 full-time employees with annual revenue of $40 million. In their interview with the outlet, Arbit and Goodman shared their five keys to achieving the turnaround.

Read more at Entrepreneur.

Let’s Talk About It

Creating a More Diverse and Inclusive Screen Printing Industry

LET’S TALK About It: Part 3 discusses how four screen printers have employed people with disabilities, why you should consider doing the same, the resources that are available, and more. Watch the live webinar, held August 16, moderated by Adrienne Palmer, editor-in-chief, Screen Printing magazine, with panelists Ali Banholzer, Amber Massey, Ryan Moor, and Jed Seifert. The multi-part series is hosted exclusively by ROQ.US and U.N.I.T.E Together. Let’s Talk About It: Part 1 focused on Black, female screen printers and can be watched here; Part 2 focused on the LGBTQ+ community and can be watched here.