Elixir Kombucha
Early Stage
Award-winning craft kombucha company led by former healthcare professionals
Overview
Raised: $41,600
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/22/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$6,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
83%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$578
Momentum
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Location
Louisville, Kentucky
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Elixir Kombucha, with a valuation of $6 million, is raising funds on Wefunder. It is an award-winning craft kombucha company that makes and sells bubbly, delicious, and gut-friendly kombucha. The beverages of Elixir Kombucha are full of flavor, packed with benefits, and never pasteurized to retain the benefits of live probiotics and organic acids. Elixir Kombucha has established strategic partnerships with Whole Foods, Creation Gardens, US Foods, and Green District and has a 90% reorder rate with retailers. Corey Wood and Danielle Wood founded Elixir Kombucha in December 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for business operations, research and development, marketing and advertising, and legal and professional fees.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$125,741 |
$132,745 |
|
COGS |
$43,846 |
$47,326 |
|
Tax |
$5,766 |
$5,629 |
| ||
| ||
|
Net Income |
$44,209 |
$17,558 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$23,432 |
$51,038 |
|
Accounts Receivable |
$2,216 |
$1,291 |
|
Total Assets |
$27,331 |
$54,329 |
|
Short-Term Debt |
$9,757 |
$17,894 |
|
Long-Term Debt |
$31,351 |
$47,326 |
|
Total Liabilities |
$41,108 |
$65,220 |
Financials as of: 11/22/2022
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