Brooklyn Gin

Brooklyn Gin

Growth Stage

Award winning super-premium craft gin and upcoming Brooklyn distillery

Award winning super-premium craft gin and upcoming Brooklyn distillery

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Republic

Start Date

12/27/2022

Close Date

03/29/2023

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$30,000,000

Discount

0%

Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Growth

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

FY 2021 FY 2020

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

FY 2021 FY 2020

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: 12/27/2022
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Brooklyn Gin on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $30,000,000

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