Alchemy Wine & Beer
Restaurants And Bars
Overview
Raised: $63,730
Total Commitments ($USD)
Platform
SMBX
Start Date
01/12/2023
Close Date
02/27/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
9.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,416
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Alchemy Wine & Beer is raising funds on SMBX. The business offers the wine and beers of New Orleans in the city of Hamburg, New York. The wine selection of Alchemy Wine & Beer includes over 75 wines that are limited edition and boutique, while the beer selection includes over 50 beers. Alchemy Wine & Beer also hosts events, including live music, craft nights, workout classes, paint nights, artisan pop-up markets, and community gatherings. Anne McIntosh and Nicole Casell founded Alchemy Wine & Beer in October 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for leasehold improvements and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$548,450 |
$380,296 |
|
COGS |
$208,589 |
$121,465 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$220,341 |
$32,732 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$206,304 |
$77,349 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$251,479 |
$114,202 |
|
Short-Term Debt |
$31,138 |
$114,202 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$31,138 |
$114,202 |
Financials as of: 01/12/2023
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