Caribbean Smooth Ou-Oui!
Early Stage
PARADISE FOUND. Real fruits and rum liqueur breaks tradition.
Overview
Raised: $68,326
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/29/2020
Close Date
03/18/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,499,000
Valuation Cap
$5,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$402
# of Investors
224
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Caribbean Smooth Ou-Oui!, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The company manufactures and markets premium liquor made from real fruits and rum. The real tropical fruits, flavors, and spices create a smooth experience for women by replacing alcohol’s harsh taste. Nigel Walwyn founded Caribbean Smooth Ou-Oui! in 2014 and has raised over $255,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for marketing, packaging redesign, office expenses, insurance, and licenses. Caribbean Smooth Ou-Oui! has sold over 3,000 cases in more than 200 accounts in four markets. The company has forged a strategic partnership with Florida Distillers and has a pending partnership with MHW.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$33,744 |
$97,652 |
|
COGS |
$28,233 |
$76,891 |
|
Tax |
$642 |
$655 |
| ||
| ||
|
Net Income |
$-66,621 |
$-67,494 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,881 |
$45,937 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$58,030 |
$126,068 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$214,511 |
$215,929 |
|
Total Liabilities |
$214,511 |
$215,929 |
Financials as of: 09/29/2020
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