2XL Swagger Brands

2XL Swagger Brands

Early Stage

Aphrodisiac Spirits

Aphrodisiac Spirits

Overview

Raised this Round: Raised: $42,176

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/04/2020

Close Date

12/04/2020

Min. Goal
$9,999
Max. Goal
$1,069,874
Min. Investment

$196

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.44

Pre-Money Valuation

$12,000,000

Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

2XL Swagger Brands, with a $12 million pre-money valuation, is raising funds on StartEngine. The company makes herbal liqueurs with aphrodisiac properties. The spirits of 2XL Swagger Brands are gender-specific, with differentiated branding. The flagship products of the brand are PinkKitty for women and EasyRhino for men. 2XL Swagger Brands was founded by Robert Tushinsky and has been introduced in many states. The proceeds of the current crowdfunding campaign, with a minimum target of $9,998.72 and a maximum target of $1,069,999.04, will be used to expand aggressively and become one of the top brands in the high-end alcoholic beverage market. 2XL Swagger Brands has a resale rate of 85% and has been rated 89/90 by the Tasting Panel Magazine.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$325,734

$36,300

COGS

$60,229

$57,296

Tax

$0

$0

 

 

Net Income

$-187,284

$-835,092

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$468,793

$7,950

Accounts Receivable

$123,152

$0

Total Assets

$1,940,555

$546,255

Short-Term Debt

$347,821

$226,220

Long-Term Debt

$960,000

$450,000

Total Liabilities

$1,307,821

$676,220

Financials as of: 06/04/2020
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2XL Swagger Brands on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $5.44

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