Aristotle Spirits
Early Stage
Gold Medal winning distillery building whiskey operations
Overview
Raised: $74,200
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/23/2022
Close Date
11/30/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$4,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$388
# of Investors
39
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Aristotle Spirits, with a valuation of $4 million, is raising funds on Wefunder. The business makes small-batch craft spirits using a combination of passion and scientific precision. The craft spirit products of Aristotle Spirits are distilled in Garner, North Carolina, and sourced from local products. Aristotle Spirits has a loyal customer base and has recently won two gold medals at San Francisco World Spirits Competition. Jake Howland founded Aristotle Spirits in June 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, raw materials, equipment, building improvements, whiskey barrels, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$100,775 |
$358 |
|
COGS |
$27,445 |
$0 |
|
Tax |
$16,087 |
$2,772 |
| ||
| ||
|
Net Income |
$-205,952 |
$-122,068 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$65,601 |
$21,719 |
|
Accounts Receivable |
$3,498 |
$0 |
|
Total Assets |
$486,932 |
$275,752 |
|
Short-Term Debt |
$87,144 |
$951 |
|
Long-Term Debt |
$508,583 |
$236,176 |
|
Total Liabilities |
$595,728 |
$237,127 |
Financials as of: 05/23/2022
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