Overview
Raised: $39,450
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/13/2022
Close Date
03/31/2024
Min. Goal
$30,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rev. Share %
4.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$70
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 09/13/2022
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