Belle Isle
Growth Stage
Distilled for good times
Overview
Raised: $514,110
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/08/2023
Close Date
10/06/2023
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
6
% of Min. Goal
3,427%
% of Max. Goal
42%
Likelihood of Max
Avg. Daily Raise
$9,700
# of Investors
233
Momentum
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Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Belle Isle is raising funds on StartEngine. It is a craft spirit company in Richmond, Virginia, that makes premium moonshine products. Belle Isle products are smooth, clear, have an unmistakable taste, and are made using 100% organic corn and other natural ingredients. The company sold 15,000 nine-liter cases in 2022, up 70% from 2020. Vincent Riggi and Brian Marks founded Belle Isle in April 2013. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, company employment, payables, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,336,465 |
$1,264,007 |
|
COGS |
$785,444 |
$703,603 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-868,876 |
$-140,886 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$304,738 |
$104,202 |
|
Accounts Receivable |
$179,984 |
$202,124 |
|
Total Assets |
$1,486,128 |
$954,877 |
|
Short-Term Debt |
$377,603 |
$61,071 |
|
Long-Term Debt |
$1,107,857 |
$1,628,076 |
|
Total Liabilities |
$1,485,460 |
$1,689,147 |
Financials as of: 08/08/2023
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