Hey Mama Wines

Hey Mama Wines

Early Stage

You're Doing Great Mama!

You're Doing Great Mama!

Overview

Raised to Date: Raised: $58,374

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/28/2021

Close Date

10/25/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$324

# of Investors

73

Momentum
Funded
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Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Santa Rosa Beach, Florida

Business Type

Life Style

Hey Mama Wines, with a $10 million pre-money valuation, is raising funds on StartEngine. The company makes delicious wines and supports women who are making a difference every day. The business approaches wine in a way a modern mom can relate to. Lauren Strokes founded Hey Mama Wines in 2019. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to expand the footprint and grow the brand through large partnerships. Hey Mama Wines is growing rapidly and is found in over 45 accounts along the 30A corridor. The company expects its revenue to grow by 1,320% in 2021, with COGS expected to increase by 898% and total expenses expected to increase by 136%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$72,503

$0

COGS

$56,575

$0

Tax

$0

$0

 

 

Net Income

$-65,176

$-15,993

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,481

$7

Accounts Receivable

$3,565

$0

Total Assets

$77,313

$7

Short-Term Debt

$70,482

$0

Long-Term Debt

$0

$0

Total Liabilities

$70,482

$0

Financials as of: 04/28/2021
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Hey Mama Wines on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $10.00

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