Chareau

Chareau

Early Stage

"Our New Cocktail Secret Weapon" - Food & Wine Magazine

"Our New Cocktail Secret Weapon" - Food & Wine Magazine

Overview

Raised to Date: Raised: $390,782

Platform

Wefunder

Start Date

03/01/2017

Close Date

05/01/2017

Min. Goal
$200,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Camarillo, California

Chareau, with a valuation of $5 million, is raising funds on Wefunder. The company has crafted an all-natural liqueur made by combining aloe, cucumber, spearmint, lemon peel, and muskmelon. Chareau is the first-of-its-kind liqueur for modern customers, made from the highest quality ingredients and without any artificial colors and flavors. The business is currently operating at 65% margins and aims to increase the margins further. Kurt Charron founded Chareau in August 2011. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $500,000. The campaign proceeds will be used to increase the sales force to launch in new domestic and international markets, hire Director-level management, and expand into national and chain accounts.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$261,248

$153,812

COGS

$108,395

$106,780

Tax

$800

$800

 

 

Net Income

$-93,897

$-113,686

Summary Balance Sheet

FY 2016 FY 2015

Cash

$-4,099

$20,324

Accounts Receivable

$31,424

$25,775

Total Assets

$205,750

$184,958

Short-Term Debt

$150,003

$11,159

Long-Term Debt

$0

$0

Total Liabilities

$150,003

$11,159

Financials as of: 03/01/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Chareau 11/22/2020 StartEngine $12,002,796 $249,885 Equity - Common Funded RegCF
Chareau 03/27/2019 Wefunder $6,510,000 $518,214 Equity - Common Funded RegCF
Chareau 04/30/2017 Wefunder $5,000,000 $390,782 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Chareau on Wefunder 2017
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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