Cuentacuentos
Early Stage
Mezcal Brings People Together, Stories Make Us Friends
Overview
Raised: $258,524
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/04/2022
Close Date
12/30/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$300
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$6,162,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,452
# of Investors
80
Momentum
Funded
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Cuentacuentos, with a valuation of $6.16 million, is raising funds on StartEngine. The company preserves and distributes small-batch mezcal by creating a platform to bring family producers together under one brand. The business has a portfolio of over two dozen revolving expressions and has placed its produce with retailers, restaurants, and bars across the country. Cuentacuentos serves the producer community and rural families of Latin America and lets them set prices for the products. Read Spear founded Cuentacuentos in December 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$255,941 |
$114,716 |
|
COGS |
$164,213 |
$70,929 |
|
Tax |
$1 |
$1 |
| ||
| ||
|
Net Income |
$45,109 |
$48,327 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$73,017 |
$23,569 |
|
Accounts Receivable |
$26,532 |
$55,383 |
|
Total Assets |
$162,647 |
$118,895 |
|
Short-Term Debt |
$105,793 |
$1,032 |
|
Long-Term Debt |
$21,069 |
$70,725 |
|
Total Liabilities |
$126,862 |
$71,757 |
Financials as of: 07/04/2022
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