Andalusia Whiskey
Early Stage
Fine handcrafted whiskeys produced in the heart of the Texas Hill Country
Overview
Raised: $327,903
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/17/2023
Close Date
02/14/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/29/2023
Days Remaining
77
% of Min. Goal
2,186%
% of Max. Goal
27%
Likelihood of Max
Avg. Daily Raise
$27,325
# of Investors
145
Momentum
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Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Andalusia Whiskey, with a valuation of $10 million, is raising funds on StartEngine. It is an artisanal whiskey business in Texas Hill County that makes exquisite, handcrafted whiskeys. Andalusia Whiskey blends fine American malted grains and distills them in handcrafted copper pot stills to offer a unique blend of innovation and tradition. The company’s whiskeys have won several awards and have been featured in several publications. Thomas Carter Erwin and Ty Adams Phelps founded Andalusia Whiskey in October 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory, company employment, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$912,018 |
$902,153 |
|
COGS |
$193,621 |
$134,179 |
|
Tax |
$14,769 |
$15,833 |
| ||
| ||
|
Net Income |
$-307,184 |
$33,330 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$543,669 |
$542,308 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,083,196 |
$1,286,704 |
|
Short-Term Debt |
$146,351 |
$15,446 |
|
Long-Term Debt |
$1,714,644 |
$632,600 |
|
Total Liabilities |
$1,860,995 |
$648,046 |
Financials as of: 11/17/2023
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