Island Brands

Island Brands

Growth Stage

Take it Easy

Take it Easy

Overview

Raised to Date: Raised: $2,435,120

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/24/2021

Close Date

11/15/2023

Min. Goal
$9,998
Max. Goal
$4,750,000
Min. Investment

$245

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.91

Pre-Money Valuation

$116,846,805

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2023

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

$3,377

# of Investors

1,955

Momentum
Funded
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Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Charleston, South Carolina

Business Type

Growth

Island Brands, with a valuation of $117 million, is raising funds on StartEngine. The company makes premium-quality beer as a competition to the major corporate brands. The beer of Island Brands is all-clean and brewed using only water, yeast, barley, and hops. The two flagship products of Island Brands are Island Coastal Lager and Island Active. Island Brands is the number one fastest-growing lager brand family in the Southeast and went up 95% in dollar sales. Scott Hansen and Brandon Perry founded Island Brands in March 2019. The current crowdfunding campaign has a minimum target of $9,998.24 and a maximum target of $942,429.04. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,669,081

$2,669,871

COGS

$1,386,043

$2,045,973

Tax

$0

$0

 

 

Net Income

$-3,160,779

$-3,443,157

Summary Balance Sheet

FY 2022 FY 2021

Cash

$156,986

$274,774

Accounts Receivable

$37,721

$244,951

Total Assets

$3,541,533

$711,575

Short-Term Debt

$1,269,988

$884,965

Long-Term Debt

$4,613,239

$0

Total Liabilities

$5,883,227

$884,965

Financials as of: 11/24/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Island Brands 11/15/2023 StartEngine $116,846,805 $2,435,120 Equity - Preferred Funded RegCF
Island Brands 10/28/2021 StartEngine $65,727,003 $4,236,200 Equity - Preferred Funded RegCF
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Island Brands on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $116,846,805
Price per Share: $7.91

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