Geijer Spirits
Early Stage
Award-winning craft spirits at the intersection of Scandinavia and California
Overview
Raised: $24,649
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/07/2020
Close Date
10/30/2020
Min. Goal
$175,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,750,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/01/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$293
# of Investors
15
Momentum
Not Funded
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Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Geijer Spirits, with a valuation cap of $5.75 million, is raising crowdfunding on Wefunder. The company makes award-winning craft spirits and niche products for mixology and cocktailing. Geijer Spirits currently has seven products under the California brand, including Glogg, Falernum, Fernet, Aqua Vitae, Spiced Liqueur, Orange Liqueur, and upcoming Amaro. Geijer Spirits was founded by Martin Geijer in 2011. The current crowdfunding round has a minimum raise of $175,000 and a maximum raise of $250,000, and the funds will be used for direct sales activities. Geijer Spirits has secured a National distribution partnership with Vision Wine & Spirits and sells in 16 states. The company has been voted among Top Ten Craft Specialty Distillery in 2018 and 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$91,077 |
$50,822 |
|
COGS |
$97,991 |
$47,073 |
|
Tax |
$-877 |
$-872 |
| ||
| ||
|
Net Income |
$-40,357 |
$-23,979 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,335 |
$5,579 |
|
Accounts Receivable |
$5,693 |
$7,044 |
|
Total Assets |
$205,649 |
$99,741 |
|
Short-Term Debt |
$19,926 |
$10,204 |
|
Long-Term Debt |
$17,364 |
$16,538 |
|
Total Liabilities |
$37,290 |
$26,742 |
Financials as of: 08/07/2020
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