This company is no longer in business. Investors can get details about any potential exits or failures here.
Cocktail Squad
Early Stage
Pinkies Up, Investors. It's Classy O'Clock.
Overview
Raised: $32,547
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/17/2022
Close Date
06/30/2022
Min. Goal
$9,999
Max. Goal
$999,999
Min. Investment
$465
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.93
Pre-Money Valuation
$9,997,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$313
# of Investors
24
Momentum
Funded
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Year Founded
2022
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Cocktail Squad, with a valuation of $10 million, is raising funds on StartEngine. The company makes a full line of authentic and premium canned cocktails. The high-quality, ready-to-drink cocktails of Cocktail Squad come in sleek 12 ounce recyclable cans and are known for their consistency and value for money. Cocktail Squad already has a distribution of nine different items in 15 markets and has been featured in the New York Times, Bloomberg, and Good Housekeeping. Lauren Maggio and John Maggio founded Cocktail Squad in January 2022. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $999,999.24. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$296,432 |
$215,263 |
|
COGS |
$228,947 |
$161,431 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-596,316 |
$-603,274 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,467 |
$427,276 |
|
Accounts Receivable |
$43,205 |
$21,432 |
|
Total Assets |
$169,759 |
$566,788 |
|
Short-Term Debt |
$1,574,024 |
$1,426,837 |
|
Long-Term Debt |
$52,100 |
$0 |
|
Total Liabilities |
$1,626,124 |
$1,426,837 |
Financials as of: 03/17/2022
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