Bombarda Rum

Bombarda Rum

Early Stage

A revolutionary rum disrupting one of the oldest spirit categories, crafted the way rum should be!

A revolutionary rum disrupting one of the oldest spirit categories, crafted the way rum should be!

Overview

Raised this Round: Raised: $51,319

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/18/2023

Close Date

04/20/2023

Min. Goal
$9,997
Max. Goal
$1,234,997
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.23

Pre-Money Valuation

$10,013,000

Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Miami, Florida

Business Type

Growth

Bombarda Rum, with a valuation of $10.01 million, is raising funds on StartEngine. The company makes and sells an exquisite portfolio of blended premium rums in a bottle. The premium rum of Bombarda Rum is created by mixing up to five different types of dark and gold rums of various ages and is sourced from the Caribbean and Latin American distilleries. Bombarda Rum currently produces all its rum in the Netherlands and plans to expand its sales into Europe in 2023-2024. James Papagno founded Bombarda Rum in April 2020. The current crowdfunding campaign has a minimum target of $9,996.85 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, inventory, operations, company employment, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$384,002

$0

COGS

$257,268

$0

Tax

$0

$0

 

 

Net Income

$-140,814

$-135,264

Summary Balance Sheet

FY 2021 FY 2020

Cash

$54,839

$13,661

Accounts Receivable

$43,867

$0

Total Assets

$474,471

$119,827

Short-Term Debt

$592,799

$2,070

Long-Term Debt

$0

$294,122

Total Liabilities

$592,799

$296,192

Financials as of: 01/18/2023
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Bombarda Rum on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,013,000
Price per Share: $3.23

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