22 Salute Spirits and Coffee

22 Salute Spirits and Coffee

Open  for investment

About this raise: 22 Salute Spirits and Coffee is raising funds on Main Street Bond. It is a social enterprise offering premium spirits and coffee products. 22 Salute Spirits and Coffee makes ultra-premium vodka, fig-vanilla bourbon, and high-altitude specialty coffees using high-quality ingredients and an innovative approach. The enterprise donates a portion of every sale to The Veterans Connection, a nonprofit organization focused on mental health and suicide prevention for veterans and first responders. Eric Ranks, Patrick Salazar, and Jennifer Hicks founded 22 Salute Spirits and Coffee in December 2021. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $1.2 million. The campaign proceeds will be used for production, marketing, distillery expansion, company employment, operations, and working capital.

Expand

Investment Overview

Committed this round: $50,000

Deal Terms

Total Commitments ($USD)

Platform
Main Street Bond
Start Date
07/30/2024
Close Date
07/29/2025
Min. Goal
$40,000
Max. Goal
$1,200,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rev. Share %

5.00%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Ogden, Utah
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Eric Ranks
Title
CEO
Founder Name
Maurice De Vera
Title
COO
Founder Name
Patrick Salazar
Title
CMO
Founder Name
Jennifer Hicks
Title
President
Founder Name
Hirad Yaldaei
Title
Master Distiller

Financials

as of Fiscal Year 2023
 Revenue +169% YoY
$81,550
 Monthly Burn
$12,495
 Runway
0 months
Gross Margin
46%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$81,550

$30,359

COGS

$44,115

$64,707

Tax

$0

$0

 

 

Net Income

$-149,940

$-115,780

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$0

Accounts Receivable

$3,802

$18,358

Total Assets

$119,560

$17,182

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/29/2025 Main Street Bond - $50,000 Revenue Share Active RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
22 Salute Spirits and Coffee on Main Street Bond 2024
Platform: Main Street Bond
Security Type: Revenue Share

Follow company

Follow 22 Salute Spirits and Coffee on Main Street Bond 2024

Buy 22 Salute Spirits and Coffee's Deal Report

22 Salute Spirits and Coffee Deal Report

Get Kingscrowd's comprehensive report on 22 Salute Spirits and Coffee including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether 22 Salute Spirits and Coffee is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the 22 Salute Spirits and Coffee deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge