Bushwacker Spirits

Bushwacker Spirits

Open  for investment

About this raise: Bushwacker Spirits, with a valuation of $14.5 million, is raising funds on StartEngine. The business makes iconic coastal cocktails and sells them in a convenient, ready-to-drink format. Bushwacker Spirits has a loyal customer base and has won the prestigious 2024 Double Gold Award at the San Francisco World Spirits Competition. The business has more than 30 distribution partners and has a presence in 17 states. Michael Smith and Carter Echols founded Bushwacker Spirits in November 2024. The current crowdfunding campaign has a minimum and maximum target of $124,000. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Committed this round: $172,414

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/11/2024
Close Date
03/27/2025
Min. Goal
$124,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$14,499,996

Company & Team

Company

Year Founded
2024
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Sarasota, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Michael Smith
Title
CEO
Founder Name
Carter Echols
Title
CFO

Financials

as of November 1, 2024
 Revenue +2% YoY
$1,477,451
 Monthly Burn
$60,000
 Runway
0.8 months
Gross Margin
21%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,477,451

$1,444,994

COGS

$1,163,067

$956,914

Tax

$0

$0

 

 

Net Income

$-1,927,290

$-1,763,106

Summary Balance Sheet

FY 2023 FY 2022

Cash

$18,869

$26,164

Accounts Receivable

$0

$0

Total Assets

$817,579

$1,074,695

Short-Term Debt

$0

$0

Long-Term Debt

$817,579

$1,074,695

Total Liabilities

$817,579

$1,074,695

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/27/2025 StartEngine $14,499,996 $172,414 Equity - Common Active RegCF
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Add to portfolio
Bushwacker Spirits on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,499,996
Price per Share: $2.00

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