Charis Winery & Distillery

Charis Winery & Distillery

Early Stage

Mountain Made Wine and Distilled Spirits

Mountain Made Wine and Distilled Spirits

Overview

Raised to Date: Raised: $60,277

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/14/2023

Close Date

04/16/2023

Min. Goal
$14,999
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.65

Pre-Money Valuation

$2,537,600

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,005

# of Investors

76

Momentum
Funded
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Year Founded

2012

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Cumberland, Maryland

Business Type

Growth

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

FY 2021 FY 2020

Revenue

$193,772

$130,713

COGS

$72,788

$68,233

Tax

$0

$0

 

 

Net Income

$-20,204

$-29,781

Summary Balance Sheet

FY 2021 FY 2020

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: 02/14/2023
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Charis Winery & Distillery on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $2,537,600
Price per Share: $0.65

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