Crafthouse Cocktails
Early Stage
People deserve well balanced, all-natural cocktails anywhere and every time
Overview
Raised: $88,667
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/10/2019
Close Date
03/04/2020
Min. Goal
$300,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$8,300,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/31/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,043
# of Investors
54
Momentum
Not Funded
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Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Crafthouse Cocktails, with a valuation cap of $8.3 million, is raising funds on WeFunder. The company creates ready-to-drink cocktails with natural ingredients and sells them in bottled form. Crafthouse Cocktails makes seven types of classic and perfectly-balanced cocktails. It has partnered with top distilleries, including Plantation Rum, CH Distillery, and La Cofradia Tequila, to obtain high-quality spirits. Crafthouse Cocktails was founded by Matt Lindner and Charles Joly in 2011 and has raised over $1 million since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $300,000 and a maximum raise of $1,000,000, will be used towards business development, production, marketing, new line extensions, and new hires. Crafthouse Cocktails has partnerships with United Airlines and has served its signature cocktail, Moscow Mule, to many people on the airline. It is also set to serve its cocktails on the maiden ship of Virgin Voyages, to be launched in 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$622,601 |
$1,286,056 |
|
COGS |
$547,597 |
$947,279 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-786,147 |
$-967,169 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,980 |
$17,191 |
|
Accounts Receivable |
$40,683 |
$75,009 |
|
Total Assets |
$801,915 |
$925,094 |
|
Short-Term Debt |
$1,563,748 |
$969,202 |
|
Long-Term Debt |
$643,661 |
$707,592 |
|
Total Liabilities |
$2,207,409 |
$1,676,794 |
Financials as of: 12/10/2019
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