Boyd Cru Wines

Boyd Cru Wines

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Overview

Raised to Date: Raised: $34,350

Total Commitments ($USD)

Platform

Crowd Fund Baltimore

Start Date

03/11/2024

Close Date

05/05/2024

Min. Goal
$80,000
Max. Goal
$124,000
Min. Investment

$500

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Rev. Share %

10.00%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

19

% of Min. Goal

43%

% of Max. Goal

28%

Likelihood of Max
unlikely
Avg. Daily Raise

$981

# of Investors

26

Momentum
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Year Founded

2022

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Silver Spring, Maryland

Business Type

Growth

Boyd Cru Wines is raising funds on CrowdFund Baltimore. It is a wine company in Maryland that makes high-quality wines using local ingredients and sustainable practices. Boyd Cru Wines also offers wine education and wine experiences to focus on community building, fostering connections, and promoting self-expression. Two out of three wines of Boyd Cru Wines have won awards at the Maryland Wine Tastemaster Competition in 2023 and the wines have been featured on Good Day DC, AfroTech, NBC4 Washington, and WMAR2/ABC. Jon’ll Boyd and Matthew Boyd founded Boyd Cru Wines in March 2022. The current crowdfunding campaign has a minimum target of $80,000 and a maximum target of $124,000. The campaign proceeds will be used to hire and partner with a wine distributor, increase the wine inventory, and leverage more capacity to scale and grow the company.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$75,876

$4,598

COGS

$61,692

$12,393

Tax

$0

$0

 

 

Net Income

$-10,064

$-15,816

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,071

$4,078

Accounts Receivable

$0

$0

Total Assets

$15,237

$4,078

Short-Term Debt

$10,520

$3,950

Long-Term Debt

$14,653

$0

Total Liabilities

$25,173

$3,950

Financials as of: 03/11/2024
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Boyd Cru Wines on CrowdFund Baltimore 2024
Platform: Crowd Fund Baltimore
Security Type: Revenue Share

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