Hercules Mulligan

Early Stage

Lead the Ready-to-Drink Cocktail Revolution

Analytics

Raised to Date: Raised: $748,481

Aggregate Commitments $

Platform

StartEngine

Start Date

09/20/2021

Close Date

03/22/2022

Min. Goal

$10,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$9,000,000

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

156

% of Min. Goal

7,485%

% of Max. Goal

100%

Likelihood of Max
extremely
Avg. Daily Raise

$27,722

Momentum
cold
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Location

Wilmington, Delaware

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Hercules Mulligan, with a valuation of $9 million, is raising funds on StartEngine. The company makes ready-to-drink cocktails using Caribbean Rum, American Rye Whiskey, fresh organic ginger, and bitters. The cocktail brings the craft cocktail bar experience home and has been co-developed by Flaviar. Hercules Mulligan has sold over 12,000 bottles with an outstanding repurchase rate of 22%. Steve Luttman founded Hercules Mulligan in August 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $750,000. The campaign proceeds will be used to develop product innovations to add to the portfolio.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$80,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$58,312

$-911

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,500

$1,500

Accounts Receivable

$80,000

$0

Total Assets

$212,125

$76,125

Short-Term Debt

$54,724

$77,036

Long-Term Debt

$0

$0

Total Liabilities

$54,724

$77,036

Financials as of: 09/20/2021
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Hercules Mulligan on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000

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