Brooklyn Gin
Growth Stage
Award winning super-premium craft gin and upcoming Brooklyn distillery
Overview
Raised: $6,550
Total Commitments ($USD)
Platform
Republic
Start Date
12/28/2022
Close Date
03/29/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$150
Security Type
SAFE
Series
Series A
Funding Type
RegCF
Valuation Cap
$30,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
55
% of Min. Goal
13%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$182
# of Investors
16
Momentum
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Location
Brooklyn, New York
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Brooklyn Gin, with a valuation of $30 million, is raising funds on Republic. The company makes award-winning and super-premium craft gin in small batches. Brooklyn Gin has a loyal fanbase and is distributed in 42 US states and over 20 countries. The business is looking to expand by opening a distillery, bar, and event space in Gowanus, Brooklyn, and producing a full portfolio of spirits products. Brooklyn Gin generated over $2 million in revenue in 2021 and projects to generate $6.2 million in 2023. Joe Santos and Emil Jattne founded Brooklyn Gin in December 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used to open and launch the distillery and develop and launch new products.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,197,355 |
$1,983,871 |
|
COGS |
$1,022,329 |
$922,213 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-896,453 |
$-824,300 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$544,496 |
$128,831 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,326,939 |
$1,710,739 |
|
Short-Term Debt |
$1,981,821 |
$893,842 |
|
Long-Term Debt |
$1,088,299 |
$663,625 |
|
Total Liabilities |
$3,070,120 |
$1,557,467 |
Financials as of: 12/28/2022
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