Geijer Spirits

Geijer Spirits

Early Stage

Award-winning craft spirits at the intersection of Scandinavia and California

Award-winning craft spirits at the intersection of Scandinavia and California

Overview

Raised this Round: Raised: $24,649

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/06/2020

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    Open SEC Filing

Valuation Cap

$5,750,000

Discount

20%

Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

San Francisco, California

Business Type

Life Style

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: 08/06/2020
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Geijer Spirits on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,750,000

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