Charis Winery & Distillery

Early Stage
Mountain Made Wine and Distilled Spirits
Overview
Raised: $38,213
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
20
% of Min. Goal
255%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$955
# of Investors
45
Momentum
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Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Charis Winery & Distillery, with a valuation of $2.54 million, is raising funds on StartEngine. It is a wine and spirits brand in Maryland that creates unique products using locally-sourced ingredients. The handcrafted collection of products of Charis Winery & Distillery includes red, white, and fruit wines, rum, brandy, whiskey, and moonshine made using locally-grown grapes and grains. Charis Winery & Distillery has created a loyal customer base and has experienced rapid growth in product sales. The current crowdfunding campaign has a minimum target of $14,999.40 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, working capital, and inventory.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$193,772 |
$130,713 |
COGS |
$72,788 |
$68,233 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-20,204 |
$-29,781 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$27,676 |
$29,666 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$48,661 |
$68,431 |
Short-Term Debt |
$45,052 |
$11,878 |
Long-Term Debt |
$33,273 |
$57,123 |
Total Liabilities |
$78,325 |
$69,001 |
Financials as of: 02/15/2023
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