Fuego Fino
Woman-led, eco-friendly wine and spirits company
Overview
Raised: $188,567
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/23/2021
Close Date
11/26/2021
Min. Goal
$50,000
Max. Goal
$418,554
Min. Investment
$500
Security Type
Equity - Preferred
Series
Seed
Funding Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$6,210,026
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2021
Days Remaining
Funded
% of Min. Goal
377%
% of Max. Goal
45%
Likelihood of Max
Funded
Avg. Daily Raise
$869
# of Investors
182
Momentum
Funded
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Location
Hallandale Beach, Florida
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Fuego Fino, with a pre-money valuation of $6.21 million, is raising funds on Wefunder. It is an eco-friendly wine and spirits company that bottles and distributes high-quality wines and spirits. The products are bottled close to where they are consumed to reduce costs and maintain quality. The company imports the highest quality spirits and distributes them to liquor stores and consumers. Jessica Contreras founded Fuego Fino in 2017. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $418,554, will be used to invest in the product and supply chain and manage the operating and general and administrative expenses. Fuego Fino is into the business of a recession-proof product and already has its products in over 50 locations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$16,600 |
$4,056 |
|
COGS |
$12,952 |
$21 |
|
Tax |
$3,449 |
$254 |
| ||
| ||
|
Net Income |
$-55,381 |
$-2,329 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$53,502 |
$3,195 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$89,212 |
$3,195 |
|
Short-Term Debt |
$31,190 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$31,190 |
$0 |
Financials as of: 04/23/2021
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