AVEC Drinks
Early Stage
Re-thinking the soda & mixer category for the modern drinker
Overview
Raised: $3,850
Total Commitments ($USD)
Platform
Republic
Start Date
05/23/2023
Close Date
08/01/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/07/2023
Days Remaining
55
% of Min. Goal
15%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$257
# of Investors
8
Momentum
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
AVEC Drinks, with a valuation of $8 million, is raising funds on Republic. The company makes modern sodas and mixers that are inspired by flavors from around the world. The mixers of AVEC Drinks are made using 100% natural ingredients like fruit juice, natural botanicals, spices, and agave and contain less sugar than mainstream alternatives. The business reported revenue of $950,000 in 2022 and expects to grow to 1,200 locations and revenue of $2 million in 2023. Alex Doman founded AVEC Drinks in April 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for retail expansion.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$913,390 |
$595,347 |
|
COGS |
$513,896 |
$293,586 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-819,852 |
$-508,965 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$586,588 |
$664,568 |
|
Accounts Receivable |
$95,490 |
$69,498 |
|
Total Assets |
$1,048,826 |
$1,009,584 |
|
Short-Term Debt |
$172,677 |
$56,799 |
|
Long-Term Debt |
$2,257,128 |
$1,513,912 |
|
Total Liabilities |
$2,429,805 |
$1,570,711 |
Financials as of: 05/23/2023
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