Hercules Mulligan

Early Stage

Lead the Ready-to-Drink Cocktail Revolution

Analytics

Raised to Date: Raised: $359,670

Aggregate Commitments $

Platform

StartEngine

Start Date

06/08/2022

Close Date

09/06/2022

Min. Goal

$9,999

Max. Goal

$1,000,009

Min. Investment

$101

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.89

Pre-Money Valuation

$15,031,159

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

73

% of Min. Goal

3,597%

% of Max. Goal

36%

Likelihood of Max
extremely
Avg. Daily Raise

$21,157

Momentum
hot.svg
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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 $15 million, is raising funds on StartEngine. The company makes ready-to-drink cocktails using high-quality spirits. The cocktail is a blend of three rums, three rye whiskies, fresh organic ginger, and tailor-made bitters. Hercules Mulligan allows consumers to enjoy a first-class bar-grade cocktail at home with no inconvenience. The cocktail is available at over 270 accounts in three markets and has grown its sales by 107% year-over-year. Steve Luttmann founded Hercules Mulligan in August 2019. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $1,000,009.36. The campaign proceeds will be used for product innovation, growth, and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$135,000

$80,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-74,289

$58,312

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,038,737

$1,500

Accounts Receivable

$215,000

$80,000

Total Assets

$1,563,583

$212,125

Short-Term Debt

$434,731

$20,569

Long-Term Debt

$34,155

$34,155

Total Liabilities

$468,886

$54,724

Financials as of: 06/08/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hercules Mulligan 09/06/2022 StartEngine $15,031,159 $359,670 Equity - Common Active RegCF
Hercules Mulligan 03/22/2022 StartEngine $9,000,000 $749,878 Equity - Common Funded RegCF
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Hercules Mulligan on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,031,159
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