Backyard Soda

Backyard Soda

Early Stage

As natural as your backyard

As natural as your backyard

Overview

Raised to Date: Raised: $143,891

Total Commitments ($USD)

Platform

Republic

Start Date

05/17/2020

Close Date

09/29/2020

Min. Goal
$25,000
Max. Goal
$350,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,750,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/03/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,066

# of Investors

355

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Evergreen, Colorado

Business Type

Life Style

Backyard Soda Co., with a valuation cap of $2.75 million, is raising funds on Republic. The company makes and sells craft CBD sodas and mixers that are high on fun and flavor. The products of Backyard Soda Co. include CBD simple syrups, CBD sodas, and simple syrups, and are simple, handcrafted, all-natural, savvy, and social. Backyard Soda Co. was founded by Jonathan Schulz and Leah Schulz in May 2019 and has already raised over $237,000 since its inception. The current crowdfunding campaign of the company has a minimum goal of $25,000 and a maximum goal of $350,000, and the proceeds will be used to bring the brand into focus, hire more sales staff, and source more ingredients from single sources. Backyard Soda Co. is already retailing at more than 80 stores in Colorado, with its eight varieties of flavored syrups and three options of sparking sodas. The company is on track to reach more than 300 stores in 2020 and a gross margin of 62% in two years.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$39,912

$52,984

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-145,658

$-63,897

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$98,398

$5,316

Accounts Receivable

$4,616

$2,521

Total Assets

$183,149

$76,849

Short-Term Debt

$38,710

$20,044

Long-Term Debt

$242,493

$38,201

Total Liabilities

$281,203

$58,245

Financials as of: 05/17/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Backyard Soda 09/29/2020 Republic $2,750,000 $143,891 SAFE Funded RegCF
Backyard Soda 10/27/2019 Microventures $2,500,000 $81,677 Convertible Note Funded RegCF
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Backyard Soda Co. on Republic
Platform: Republic
Security Type: SAFE
Valuation: $2,750,000

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