Fast Penny Spirits

Fast Penny Spirits

Early Stage

American-Made Amaro

American-Made Amaro

Overview

Raised to Date: Raised: $140,971

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/01/2022

Close Date

09/28/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/02/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,584

# of Investors

90

Momentum
Funded
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Year Founded

2022

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Seattle, Washington

Business Type

Life Style

Fast Penny Spirits, with a valuation of $10 million, is raising funds on StartEngine. It is a distillery based in Seattle, WA, that makes high-quality amaro using organic and wild-crafted ingredients. The amaro of Fast Penny Spirits fuses the heart of Italy and the taste of the Pacific Northwest and sells under the brand name Amaricano. Amaricano is made by blending over 45 organic ingredients and botanicals and can be sipped neat, over ice, or in a cocktail. Jamie Hunt founded Fast Penny Spirits in February 2022. 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

$379,701

$82,110

COGS

$59,656

$21,952

Tax

$78,362

$15,920

 

 

Net Income

$-375,669

$-208,126

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$546,463

$479,104

Accounts Receivable

$1,240

$7,355

Total Assets

$739,715

$649,982

Short-Term Debt

$48,347

$22,945

Long-Term Debt

$940,000

$500,000

Total Liabilities

$988,347

$522,945

Financials as of: 07/01/2022
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Fast Penny Spirits on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $2.00

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