Damn Right Cocktails

Damn Right Cocktails

Early Stage

Agave Tequila Ready-to-Drink (RTD) Cocktails

Agave Tequila Ready-to-Drink (RTD) Cocktails

Overview

Raised this Round: Raised: $14,443

Total Commitments ($USD)

Platform

Netcapital

Start Date

05/09/2023

Close Date

10/31/2023

Min. Goal
$10,000
Max. Goal
$255,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.30

Pre-Money Valuation

$3,000,000

Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

HERMOSA BEACH, California

Business Type

Growth

Damn Right Cocktails, with a valuation of $3 million, is raising funds on NetCapital. The company makes USDA-certified and organic de Agave Tequila ready-to-drink cocktails. The cocktails are made using real tequila and other natural and organic ingredients in flavors, including Devil of a Lime and Son of a Basil. Damn Right Cocktails sells through retailers like Costco, Liquor N’ More, and Liquor Depot and has sold more than 3,100 cases since its launch. Gabby Fitzpatrick founded Damn Right Cocktails in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $255,000. The campaign proceeds will be used for the production and cost of goods, shipping and warehousing, marketing and advertising, distributor fees, incentive programs, and market visits.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$71,817

$12,557

COGS

$140,272

$94,337

Tax

$0

$0

 

 

Net Income

$-205,910

$-213,887

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,738

$34,087

Accounts Receivable

$0

$0

Total Assets

$128,984

$235,927

Short-Term Debt

$55,786

$0

Long-Term Debt

$415,000

$405,000

Total Liabilities

$470,786

$405,000

Financials as of: 05/09/2023
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Damn Right Cocktails on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $3,000,000
Price per Share: $0.30

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