Cheeky Cocktails

Cheeky Cocktails

Early Stage

Professional Cocktail Ingredients for the Home & Bar

Professional Cocktail Ingredients for the Home & Bar

Overview

Raised this Round: Raised: $86,150

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/09/2024

Close Date

08/29/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

15%

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Growth

Cheeky Cocktails, with a valuation of $7 million, is raising funds on Wefunder. The company makes professional-grade cocktail ingredients for the home and bar. Cheeky Cocktails’ products are shelf-stable for up to two years and include 100% citrus juices and syrups with no artificial ingredients. The products are sold in 1,200 stores in 44 states and have generated $1.2 million in revenue. April Wachtel founded Cheeky Cocktails in July 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, trade shows, sampling, inventory, R&D, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$265,309

$221,248

COGS

$166,262

$144,083

Tax

$654

$7

 

 

Net Income

$-338,062

$-234,872

Summary Balance Sheet

FY 2023 FY 2022

Cash

$22,621

$70,354

Accounts Receivable

$7,880

$6,563

Total Assets

$104,063

$177,625

Short-Term Debt

$307,030

$142,557

Long-Term Debt

$733,192

$618,075

Total Liabilities

$1,040,222

$760,632

Financials as of: 08/09/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Cheeky Cocktails 08/29/2024 Wefunder $7,000,000 $86,150 SAFE Funded RegCF

No prior online funding rounds.

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Cheeky Cocktails on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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