Thrift Vintage Fashion
01/15
01/15Cover
TVF warehouse interior
TVF logo
Confidential · STRATEGIC OVERVIEW · 2026

The Infrastructure Layer for Resale.

A strategic investment opportunity — decades of sourcing, grading, bundling and fulfillment expertise, ready to slot in as the upstream supply and operations engine for a secondhand marketplace.

Presented by
Thrift Vintage Fashion
Operating base
Wholesale leadership, national fulfillment, institutional discipline.
Opportunity
2026 — Strategic Overview
02/15Market Shift
The Market Shift

The secondhand economy
is exploding.

A structural reordering of how consumers buy, sell and reuse apparel — accelerated by social commerce, supply pressure and a generational shift toward circular consumption.

$350B
Projected global resale TAM by 2028
Source: industry estimates
2.7×
Growth vs. traditional retail
5-year CAGR
62%
Gen Z buying secondhand monthly
14M+
U.S. independent resellers
U.S. resale revenue ($B, indexed)
03/15Problem
The Problem

Resale infrastructure
is broken.

Demand is real. Capital is flowing. But the physical pipes that move secondhand inventory through the economy were never built.

01

Fragmented sourcing

Inventory scattered across thrift stores, estate sales, regional bins — no consistent supply chain.

02

Manual processing

Grading, photography and listing still done garment-by-garment, person-by-person.

03

Inconsistent fulfillment

Sellers cobble together packing, shipping and returns with no operational standard.

04

No infrastructure layer

Marketplaces own demand. No one owns the physical logistics layer beneath them.

05

Shipping inefficiency

Single-item ships, mis-rated parcels, and no negotiated carrier rates for small sellers.

06

Trust + quality gaps

Buyers can't verify grading. Sellers can't guarantee supply. Both sides absorb the risk.

04/15Fragmented Ecosystem
Market Structure

A fragmented
ecosystem.

Demand platforms scaled first. Operational infrastructure never did — leaving sourcing, processing, fulfillment and logistics fractured across thousands of disconnected operators.

Demand layer · consolidated
Scaled · marketplace-led
01
Marketplaces
eBay · Poshmark · Depop · Mercari
02
Social commerce
TikTok Shop · Instagram
03
Live commerce
Whatnot · TikTok Live
04
DTC resale brands
Vertical secondhand storefronts
Infrastructure layer · fragmented
Sub-scale · disconnected
05
Sourcing
Sorters · recyclers · regional bins
06
Wholesale supply
Bulk vintage & secondhand inventory
07
Processing & grading
Intake, condition, categorization
08
Fulfillment & logistics
Pick, pack, ship at reseller scale
TVF
The operational infrastructure layerbeneath the resale economy.
Sourcing → Processing → Fulfillment → Reseller network
05/15Why TVF
Why TVF

One of the largest
vintage wholesale suppliers
in the United States.

A decade-plus of operating muscle, a national customer base, and the sourcing depth a marketplace would otherwise spend years building.

40,000+
Resellers served
Active wholesale buyers
100,000+
Customers in ecosystem
Cumulative reach
15+ yrs
Operating history
Built through cycles
50 states
National distribution
Coast-to-coast shipping
Sourcing network

Long-standing relationships with sorters, recyclers and regional bin operators across the U.S. and abroad.

Operational depth

Intake, grading, bundling, fulfillment and returns — already executed at scale, every single day.

Customer demand

Resellers repeatedly buy from TVF because the inventory, the consistency and the service are unmatched.

06/15Today’s Business
Today’s Business

A proven operating machine.

Profitable and scaling — a standardized industrial pipeline already moving inventory at scale, ready to plug into a marketplace partner's demand on day one.

Operational pipeline
01Source
02Intake
03Grade
04Bundle
05Fulfill
06Reseller
$XX M
Annual revenue
$XX
Average order value
XXX K
Orders shipped / yr
XX %
Repeat customers
XX K
Unique customers / yr
07/15Lifetime to Date
Lifetime to Date

Five years. $11.9M shipped.

Since 2020, TVF has shipped tens of thousands of orders to customers in 63 countries — building the operating muscle, customer base, and data behind the infrastructure thesis.

$11.9M
Lifetime revenue
45,950
Lifetime orders
28,322
Lifetime customers
63
Countries shipped
50+
US states / territories
08/15National Footprint
National Footprint

Shipping coast to coast.

35,266 US orders shipped across all 50 states + DC since 2020 — led by California, Texas, Florida, and New York.

Fewer orders
More orders
Top states by orders
  1. 01California
    4,320
    $1.45M
  2. 02Texas
    3,515
    $832k
  3. 03Florida
    2,272
    $567k
  4. 04New York
    2,078
    $467k
  5. 05North Carolina
    1,329
    $309k
  6. 06Pennsylvania
    1,283
    $303k
  7. 07Georgia
    1,232
    $277k
  8. 08Illinois
    1,174
    $248k
35,266
Total US orders
$8.7M
US revenue
09/15Founder
Founder

Built by operators.

Ryan Frankel, Founder of TVF
TVF / FounderEst. 2015
Operator · Builder
Warehouse-floor origin
Founder & CEO
Ryan Frankel

Built one of the largest independent resale inventory operations in the United States — sourcing, processing, grading and distributing inventory at industrial scale for tens of thousands of resellers nationwide.

01
15+ Yrs
Operating resale infrastructure
02
40,000+
Reseller relationships
03
International
Sourcing + fulfillment network
04
10K+
Orders processed annually
— Operator note
Resale doesn’t need another marketplace.
It needs infrastructure.
10/15The Big Vision
The Big Vision

From vintage wholesaler
to resale infrastructure platform.

A single company expanding along the same operational spine — from physical inventory, to physical network, to the data layer above it.

01Today

Vintage wholesaler

Sourcing, grading and shipping bundled vintage inventory to a national base of resellers.

  • Wholesale supply
  • Bulk fulfillment
  • Reseller-led demand
02Next

National distribution network

Regional hubs and standardized fulfillment make TVF the default operator for secondhand inventory.

  • Regional hubs
  • Fulfillment as a service
  • Reseller enablement
03Future

Infrastructure backbone

The default logistics, data and automation layer powering every channel of resale commerce.

  • AI inventory systems
  • Marketplace infrastructure
  • Circular commerce rails
11/15Fulfillment Infrastructure
Fulfillment Infrastructure

Fulfillment infrastructure
for the resale economy.

Industrial-grade pick, pack, ship and returns built specifically for secondhand inventory — operated as shared infrastructure for the sellers, brands and platforms moving used goods at scale.

Target customers
  • eBay sellers01
  • Whatnot sellers02
  • TikTok Shop03
  • Vintage stores04
  • Live sellers05
  • DTC resale brands06
  • Brick N Mortar stores (thrift and resale) like Uptown Cheapskate07
Capabilities
Inventory intake
Storage
Photography
Pick & pack
Shipping
Returns
12/15Growth Capital
Growth Capital Deployment

Where $1M creates the highest return.

Capital is deployed into proven demand drivers and high-velocity inventory categories with measurable ROI.

60%
$600,000

Best-Selling Inventory Expansion

  • Increase purchasing of highest-performing categories
  • Prioritize inventory with strongest velocity, repeat purchase behavior, and customer lifetime value
  • Reduce stockouts on proven winners
  • Improve assortment depth across top-selling categories
Expected Impact

Higher revenue, stronger retention, increased customer lifetime value

25%
$250,000

Customer Acquisition & Brand Growth

  • Content creation
  • Influencer partnerships
  • Affiliate network expansion
  • Email and lifecycle marketing
  • Paid customer acquisition
Expected Impact

Expanded customer base and accelerated revenue growth

10%
$100,000

Inventory Intelligence Platform

  • Dynamic pricing
  • Inventory optimization
  • Customer LTV analysis
  • Purchasing recommendations
  • Demand forecasting
Expected Impact

Improved margins and smarter capital allocation

5%
$50,000

Working Capital Reserve

  • Opportunistic inventory purchases
  • Seasonal demand fluctuations
  • Additional liquidity
Expected Impact

Operational flexibility and reduced risk

Capital Discipline

TVF already possesses the infrastructure, supplier relationships, and fulfillment capabilities required to scale. Additional capital is focused on inventory depth and demand generation rather than increasing operational overhead.

13/15Real Estate & Infrastructure
Strategic Real Estate & Infrastructure Expansion

Building the Physical Infrastructure for the Future of Resale.

A permanent headquarters for TVF and Shedd with room to scale, lease, and create long-term asset value.

9,000 SF
Current Facility
$18,000
Current Rent / Month
$216,000
Annual Occupancy Cost
20,000+ SF
Potential Expansion
$1M
Additional Equity

Scale TVF Operations

  • More than double current warehouse footprint
  • Increase inventory depth across top-selling categories
  • Support higher throughput and larger purchasing opportunities
  • Reduce future relocation risk

Build Shedd Infrastructure

  • Dedicated space for marketplace operations
  • Seller intake and processing capacity
  • Future fulfillment and logistics expansion
  • Headquarters for the next phase of platform growth

Multi-Tenant Flexibility

  • Occupy only the space required today
  • Lease excess bays to third-party tenants
  • Generate supplemental rental income
  • Preserve flexibility as TVF and Shedd continue to grow
Example Opportunity

20,100 SF industrial property in Opa-Locka with five warehouse bays and secured outdoor yard space. Multi-tenant configuration allows owner occupancy while retaining rental income potential from remaining units. (Crexi)

Unlike traditional warehouse leases, ownership converts occupancy costs into a long-term strategic asset while providing the infrastructure necessary to support both TVF’s wholesale expansion and Shedd’s marketplace growth.

14/15Why Now
Why Now

The right moment
for vertical integration.

Demand, fragmentation and supply pressure are aligned. The marketplace that owns the physical layer first defines the category.

01

Resale is mainstream

Secondhand is no longer counter-culture; it's a primary consumer channel.

02

Social commerce inflection

Live selling and short-form video have created a new generation of operators.

03

Fragmented market

Tens of thousands of independent sellers — and no consolidator.

04

No dominant operator

The category lacks an Amazon, a Flexport, a Shopify-grade infrastructure player.

05

Supply pressure rising

Tariffs and supply-chain risk push demand toward domestic, secondhand inventory.

06

Strategic M&A window

Marketplaces are vertically integrating into supply; the operators with real inventory get acquired first.

15/15Closing
Aerial distribution complex
TVF logo
Confidential · 2026

The infrastructure backbone
of secondhand commerce.

An opportunity to invest in one of the largest vintage wholesalers in the United States — sourcing, physical infrastructure and fulfillment under a single operator, ready to vertically integrate beneath a marketplace.

Presented by
Thrift Vintage Fashion
Opportunity
Strategic Overview
Document
2026 — STRATEGIC OVERVIEW