Chaco Flaco Drinks
A drink company
Overview
Raised: $10,200
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/15/2020
Close Date
08/17/2020
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$10
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$165
# of Investors
12
Momentum
Funded
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Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Chaco Flaco Drinks, a drinks company and a lifestyle brand, is raising funds on Honeycomb. The company makes all-natural craft cocktail mixers that are low-calorie and low-sugar. The canned cocktails of Chaco Flaco Drinks are bridging the gap between low calorie and great taste. Chaco Flaco Drinks was founded by Chuck Moore, a professional bartender, in 2012. The funds from the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $50,000, will be used to fund the initial product run, including the Vodka Berry Mule, the Strawberry Daiquiri, and the Mango Marg. Chaco Flaco Drinks expects to launch its craft-ready cocktail mixers in the fall of 2020 and is in the process of securing distribution channels and retail partners.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,504 |
$17,463 |
|
COGS |
$0 |
$67,015 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-30,876 |
$-89,150 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$35,172 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$59,372 |
$106,227 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/15/2020
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