Hard AF Seltzer

Hard AF Seltzer

Early Stage

A Veteran Owned 8% ABV Hard Seltzer that doesn't suck

A Veteran Owned 8% ABV Hard Seltzer that doesn't suck

Overview

Raised this Round: Raised: $1,396,154

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/20/2024

Close Date

10/31/2024

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

Early Bird Val. Cap

$13,500,000

Valuation Cap

$15,000,000

Discount

0%

Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Location

Austin, Texas

Business Type

Growth

Hard AF Seltzer, with a valuation of $15 million, is raising funds on Wefunder. The company makes canned hard seltzer with 8% ABV, with no sugar, carbs, or gluten. Hard AF Seltzer uses a neutral-tasting base with top-level flavoring to create its smooth and drinkable high ABV seltzer that does not taste like cough syrup. The products are available in more than 2,000 locations in seven states and have sales of $1.2 million in the first two years. Dan Hollaway, Ross Patterson, and Jarred Taylor founded Hard AF Seltzer in April 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 hiring and point-of-sale merchandise.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$281,280

$186,677

COGS

$516,324

$263,552

Tax

$0

$0

 

 

Net Income

$-531,525

$-182,869

Summary Balance Sheet

FY 2023 FY 2022

Cash

$186,895

$112,169

Accounts Receivable

$8,700

$25,925

Total Assets

$336,367

$203,257

Short-Term Debt

$76,027

$36,392

Long-Term Debt

$250,000

$0

Total Liabilities

$326,027

$36,392

Financials as of: 06/20/2024
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Hard AF Seltzer on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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