Franzese Wine

Franzese Wine

Early Stage

Wine from the world's earliest vineyards, sharing the Legacy of Michael Franzese

Wine from the world's earliest vineyards, sharing the Legacy of Michael Franzese

Overview

Raised this Round: Raised: $455,427

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/21/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

10%

Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Rancho Cordova, California

Business Type

Growth

Franzese Wine, with a valuation of $20 million, is raising funds on Wefunder. The company sells wine from the world’s first vineyards in Armenia. Franzese Wine comes from the vineyards of Michael Franzese, a former Mafia boss, and a world-renowned speaker. The company has a unique product with over 1 million followers online and over 1 billion views. Samvel Hakobyan and Michael Franzese founded Franzese Wine in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing with big chain accounts, expansion of the team, inventory, and new product development.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$121,658

$0

COGS

$57,908

$0

Tax

$0

$0

 

 

Net Income

$-239,032

$-4,695

Summary Balance Sheet

FY 2022 FY 2021

Cash

$59,393

$14,419

Accounts Receivable

$0

$0

Total Assets

$509,384

$137,296

Short-Term Debt

$42,438

$0

Long-Term Debt

$545,348

$0

Total Liabilities

$587,786

$0

Financials as of: 12/21/2023
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Franzese Wine on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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