What's New: Kreme Twenty-Four

April 11, 2012
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Welcome to What’s New Wednesday, where we profile local startups—and the entrepreneurs behind them. This week, meet Gary Patterson and Jason White, who opened Kreme Twenty-Four in September.

Type of business: Boutique

Address: 661 E. 49th St.

Phone: 921-7089

E-mail: info@ktfstore.com

Website: www.ktfstore.com

Founded: September 2011

Owners: Jason White and Gary Patterson

Owners’ background: Patterson, 26, played college basketball for IUPUI, graduating in 2009 with a marketing degree. He worked as a retail manager at Lids before spending a year as a mentor at Indianapolis Public Schools.

During college and afterward, he also helped out at the Got Sole shoe store in Broad Ripple, where he met White.

The men became friends, bonding over their common love of fashion—and their shared frustration that Indianapolis didn’t have the kind of independent boutiques they frequented in other cities.

Before long, they decided to stop complaining about what was missing and do something about it.

White, 33, earned an engineering degree from Purdue University and now lives and works in Boston. He returns to his hometown every few months to see how things are going at the shop, and he and Patterson talk several times a day.

“It’s pretty much like he’s here,” Patterson said.

The partners spent about 18 months developing the Kreme Twenty-Four concept, envisioning a shop that sold fashion-forward clothing and accessories. They added simple, customizable bicycles to the product mix after White moved to Boston and saw how residents there embraced bikes as a mode of transportation.
 
Why started business: A native of East Chicago who came to Indianapolis on a basketball scholarship, Patterson missed the small shops he frequented as a teenager. And he always knew he wanted to own a business, so it made sense to combine his passions.

Kreme Twenty-FourKreme Twenty-Four sells clothing, accessories and bicycles. (Provided photo)


“I love what I’m selling,” Patterson said. “That makes it easier.”

White shared his fashion sense and enthusiasm—and eventually, his entrepreneurial instincts.

Competitive advantage: The partners say the product mix—things like Nudie organic denim, WeWood wooden watches and Linus "city" bikes—sets their store apart from major retailers.

“We try to bring in items that aren’t available everywhere,” Patterson said. “We feel like we have a niche.”

Startup cost: Patterson declined to provide specifics but said he and White are trying to keep overhead low.

Funding source: The partners funded the business with their own savings and support from family and friends. That was the safest bet, Patterson said.

“If we got outside money and things go wrong, we’d have to pay it back,” he said.

Potential problem and contingency plan: As with any bricks-and-mortar business, the biggest challenge is getting customers in the door. And Kreme Twenty-Four’s location—just west of the intersection of North College Avenue and 49th Street—doesn’t provide much walk-by traffic, making it difficult to appeal to window shoppers the way a shopping center storefront might.

But Patterson and White nevertheless have high hopes for the up-and-coming neighborhood south of Broad Ripple. The Upland brewery’s tasting room is just around the corner, and upscale eatery Recess is across the way.

White said they are preparing to launch a marketing initiative to build awareness of the shop and its unusual offerings. Among the plans: upgrading Kreme Twenty-Four’s website to include e-commerce capabilities and fliers featuring some distinctive products that could attract shoppers.

The shop already uses Facebook and Twitter to communicate with customers and regularly updates its blog when new inventory arrives.

“We have to get out there and let people know we’re here,” Patterson said. “We’re less than 15 minutes away from the major shopping districts in Indianapolis: Keystone, Castleton, Broad Ripple. We need to get our name out there.”
 

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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