Inspired by Spirits

Inspired by Spirits

An apothecary and tasting lounge

An apothecary and tasting lounge

Overview

Raised this Round: Raised: $69,050

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/03/2021

Close Date

04/20/2021

Min. Goal
$30,000
Max. Goal
$150,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2019

Industry

Retail Shops & Department Stores

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Gibsonia, Pennsylvania

Business Type

Life Style

Inspired by Spirits, an apothecary and tasting lounge in Pennsylvania, is raising funds on Honeycomb. The business has started with its Dr. Tumblety’s Time Inspired Speciality Shop in Phase 01. The shop sells oils & elixirs, hats & fragrances, vintage goods, spiritual charms, apothecary products, and tonics & trinkets. Jesse Made and Mike Miles founded Inspired by Spirits in April 2019. The current crowdfunding round has a minimum target of $30,000 and a maximum target of $150,000, and the funds will be used towards lounge furniture and buildout, distillery furniture and buildout, marketing, operations, and licenses. Inspired by Spirits plans to open The Storyville Lounge in the second phase and The Spirits Distillery in the third phase.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$32,364

$15,994

COGS

$10,000

$4,614

Tax

$0

$0

 

 

Net Income

$-14,238

$-23,065

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,785

$2,097

Accounts Receivable

$1,500

$0

Total Assets

$145,285

$33,683

Short-Term Debt

$19,200

$33,438

Long-Term Debt

$35,841

$0

Total Liabilities

$55,041

$33,438

Financials as of: 03/03/2021
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Inspired by Spirits on Honeycomb
Platform: Honeycomb
Security Type: Debt

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