CoCo Noir Wine Shop & Bar

CoCo Noir Wine Shop & Bar

[Closed for Investment] CoCo Noir Wine Shop & Bar is raising funds on Wefunder. It is an upcoming wine shop, eatery, tasting room, and event space in Oakland, CA. The business is led by women and minority winemakers and will sell wine and tapas dishes. It will focus on bringing culture, life, and global experience to wines, foods, and art. CoCo Noir Wine Shop & Bar is the first business to offer a tech and retail business model for the wine industry and has generated $125,000 in online wine sales since 2020. Alicia Kidd and Mari Kemp founded CoCo Noir Wine Shop & Bar in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for commercial space rent, wine shop and eatery equipment, website design and maintenance, and marketing.

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Investment Overview

Raised this Round: Raised: $39,450

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/14/2022
Close Date
03/31/2024
Min. Goal
$30,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Rev. Share %

4.00%

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Berkeley, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Alicia Kidd
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$7,074
 Runway
0 months
Gross Margin
134%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$-58,187

$31,797

COGS

$20,060

$23,959

Tax

$150

$695

 

 

Net Income

$-84,883

$-72,433

Summary Balance Sheet

FY 2022 FY 2021

Cash

$-242

$83,862

Accounts Receivable

$0

$60,410

Total Assets

$85,622

$162,332

Short-Term Debt

$0

$0

Long-Term Debt

$211,462

$186,462

Total Liabilities

$211,462

$186,462

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2024 Wefunder - $39,450 Revenue Share Funded RegCF
11/07/2021 Wefunder - $260,650 Revenue Share Funded RegCF
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Growth Charts

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

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CoCo Noir Wine Shop & Bar on Wefunder 2022
Platform: Wefunder
Security Type: Revenue Share

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