Bainbridge Distillers
Early Stage
Traditionally-Crafted Organic Spirits
Overview
Raised: $280,984
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/19/2022
Close Date
02/17/2023
Min. Goal
$9,996
Max. Goal
$1,069,999
Min. Investment
$246
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$4.32
Pre-Money Valuation
$25,920,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,342
# of Investors
151
Momentum
Funded
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Year Founded
2008
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Bainbridge Distillers, with a valuation of $25.92 million, is raising funds on StartEngine. It is a family-owned spirits distillery with a portfolio of award-winning craft spirits. The business sources its organic ingredients locally and mills and distills them in the maritime microclimate to get the unique character of Bainbridge Island. Bainbridge Distillers is USDA-certified and has won several awards for its organic whiskies. Keith Barnes founded Bainbridge Distillers in July 2008. The current crowdfunding campaign has a minimum target of $9,996.48 and a maximum target of $1.07 million. The campaign proceeds will be used to expand production, distribution, and market visibility.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$867,644 |
$528,468 |
|
COGS |
$218,160 |
$205,858 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-196,785 |
$-308,351 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$155,900 |
$143,997 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$710,449 |
$749,171 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$3,235,116 |
$3,085,116 |
|
Total Liabilities |
$3,235,116 |
$3,085,116 |
Financials as of: 10/19/2022
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