Boyd Cru Wines
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Overview
Raised: $107,198
Total Commitments ($USD)
Platform
Crowd Fund Baltimore
Start Date
03/11/2024
Close Date
05/06/2024
Min. Goal
$80,000
Max. Goal
$124,000
Min. Investment
$500
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rev. Share %
10.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/07/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,949
# of Investors
75
Momentum
Funded
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Year Founded
2022
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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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