Cask & Kettle

Cask & Kettle

Growth Stage

Hard Coffee & Cider Cocktails

Hard Coffee & Cider Cocktails

Overview

Raised this Round: Raised: $198,225

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/01/2022

Close Date

01/03/2023

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$10,290,622

Year Founded

2022

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Battle Creek, Michigan

Business Type

Growth

Cask & Kettle, with a valuation of $10.3 million, is raising funds on StartEngine. The company makes and sells hard coffee and cider cocktails. Cask & Kettle combines high-proof distilled spirits, slow-roasted decaf coffee, and bold flavors to create its k-pods. The k-pods contain liquid cocktail concentrate and can be brewed in any Keurig-Style brewing system or by pouring the pod into hot or iced water. Cask & Kettle cocktails are sold by over 1,300 retailers across 18 states in the US and have reported a 66% year-over-year sales growth at Meijer supermarket stores. Lucinda Wright and Pete Borozan founded Cask & Kettle in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$676,238

$518,396

COGS

$430,282

$359,917

Tax

$0

$0

 

 

Net Income

$-679,684

$-446,517

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$144,181

$165,455

Accounts Receivable

$207,905

$158,122

Total Assets

$808,719

$597,365

Short-Term Debt

$260,669

$25,641

Long-Term Debt

$2,663,507

$2,007,496

Total Liabilities

$2,924,176

$2,033,137

Financials as of: 08/01/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Cask & Kettle on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,290,622
Price per Share: $0.50

Follow company

Follow Cask & Kettle on StartEngine 2022

Buy Cask & Kettle's Deal Report

Warning: according to the close date for this deal, Cask & Kettle may no longer be accepting investments.

Cask & Kettle Deal Report

Get KingsCrowd’s comprehensive report on Cask & Kettle including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Cask & Kettle is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Cask & Kettle deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge