Bainbridge Distillers

Bainbridge Distillers

Early Stage

Traditionally-Crafted Organic Spirits

Traditionally-Crafted Organic Spirits

Overview

Raised to Date: Raised: $280,984

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/19/2022

Close Date

02/16/2023

Min. Goal
$9,996
Max. Goal
$1,069,999
Min. Investment

$246

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

Bainbridge Island, Washington

Business Type

Life Style

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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Add to portfolio
Bainbridge Distillers on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,920,000
Price per Share: $4.32

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