Coral Spirits

Coral Spirits

Early Stage

Premium Sparkling Cocktail made with natural flavors

Premium Sparkling Cocktail made with natural flavors

Overview

Raised to Date: Raised: $44,274

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/05/2023

Close Date

11/07/2023

Min. Goal
$9,998
Max. Goal
$1,235,000
Min. Investment

$199

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.78

Pre-Money Valuation

$17,800,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

38

% of Min. Goal

443%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,771

# of Investors

57

Momentum
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Year Founded

2023

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Conroe, Texas

Business Type

Growth

Coral Spirits, with a valuation of $17.8M, is raising funds on StartEngine. The company offers a range of alcoholic beverages derived from 100% Blue Agave, with products that are gluten-free and all-natural. Over the past year, they have expanded distribution across Texas and achieved a mandate with H-E-B. Additionally, they have developed partnerships with major retailers like Target, Total Wine, H-E-B, and Kroger's. Marko C. Kaluderovic is the Chief Executive Officer and one of the key figures behind Coral Spirits. The current crowdfunding campaign has a minimum target of $$9,998 and a maximum target of $1.23 million. The campaign proceeds will be used to scale up production, market the brand across multiple states, and further their expansion efforts.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$261,377

$55,922

COGS

$153,478

$33,321

Tax

$0

$0

 

 

Net Income

$-650,138

$-143,336

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,765

$302,808

Accounts Receivable

$0

$14,502

Total Assets

$247,132

$626,992

Short-Term Debt

$138,010

$51,146

Long-Term Debt

$112,063

$11,161

Total Liabilities

$250,073

$62,307

Financials as of: 09/05/2023
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Coral Spirits on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,800,000
Price per Share: $1.78

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