Crafthouse Cocktails

Crafthouse Cocktails

Early Stage

People deserve well balanced, all-natural cocktails anywhere and every time

People deserve well balanced, all-natural cocktails anywhere and every time

Overview

Raised this Round: Raised: $88,667

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/09/2019

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    Open SEC Filing

Valuation Cap

$8,300,000

Discount

20%

Year Founded

2011

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Chicago, Illinois

Business Type

Life Style

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: 12/09/2019
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Crafthouse Cocktails on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,300,000

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