Argex Beverages
Early Stage
A Beverage Company that Dares to be Different.
Overview
Raised: $222,069
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/30/2021
Close Date
02/28/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$9,024,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/05/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,227
# of Investors
206
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Argex Beverages, with a valuation of $9.02 million, is raising funds on StartEngine. The innovative beverage company makes high-quality craft spirits with unique and exciting packaging. The company innovatively packages and distributes Devant Champagne and 3 Tres Tequila. Argex Beverages has strong relationships with Souther Wine, Breakthru Beverage, Empire Merchants, and RNDC and sells through them. Mark Becker founded Argex Beverages in April 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to expand the product line into Whisky, Gin, and other alcohol products.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$396,429 |
$0 |
|
COGS |
$143,013 |
$193,193 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-14,713 |
$-193,193 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,577 |
$65,517 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$30,108 |
$126,197 |
|
Short-Term Debt |
$1,927 |
$23,033 |
|
Long-Term Debt |
$498,618 |
$500,000 |
|
Total Liabilities |
$500,545 |
$523,033 |
Financials as of: 08/30/2021
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