DR HOPS

DR HOPS

Hard Seltzer

Hard Seltzer

Overview

Raised to Date: Raised: $36,975

Total Commitments ($USD)

Platform

Honeycomb

Start Date

04/02/2024

Close Date

05/02/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

14.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

17

% of Min. Goal

62%

% of Max. Goal

30%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,844

# of Investors

37

Momentum
warm.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2024

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

San Leandro, California

Business Type

Life Style

DR HOPS is raising funds on Honeycomb. The company makes organic and live-cultured alcoholic beverages using health-conscious ingredients. DR HOPS’ Spiked Living Seltzers are made using real organic fruit, fresh organic acids, hops, and live house-made cultures, and its Real Hard Kombuchas are made with 10% ABV, fresh hops, live house-made cultures, and organic fruit. The products of DR HOPS are sold at BevMo, Whole Foods, Erewhon, and other 450 retailers across Arizona, Florida, and California. Thomas Weaver and Joshua Rood founded DR HOPS in March 2024. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for the production of Spiked Living Seltzer and the expansion of sales and marketing forces.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$386,251

$560,882

COGS

$240,690

$266,913

Tax

$0

$0

 

 

Net Income

$-1,010,427

$-897,235

Summary Balance Sheet

FY 2023 FY 2022

Cash

$5,424

$48,007

Accounts Receivable

$0

$56,633

Total Assets

$235,765

$336,618

Short-Term Debt

$2,781,850

$174,396

Long-Term Debt

$2,699,471

$939,580

Total Liabilities

$5,481,321

$1,113,976

Financials as of: 04/02/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
DR HOPS on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

Follow company

Follow DR HOPS on Honeycomb 2024

Buy DR HOPS's Deal Report

DR HOPS Deal Report

Get KingsCrowd’s comprehensive report on DR HOPS including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether DR HOPS is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the DR HOPS deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge