Island Brands

Growth Stage

Take it Easy

Analytics

Raised to Date: Raised: $186,663

Aggregate Commitments $

Platform

StartEngine

Start Date

11/25/2021

Close Date

02/22/2022

Min. Goal

$9,998

Max. Goal

$942,429

Min. Investment

$245

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$116,846,805

Rolling Commitments $

Status

Active

Reporting Date

01/24/2022

Days Remaining

29

% of Min. Goal

1,867%

% of Max. Goal

20%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,111

Momentum
cool.svg
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Location

Charleston, South Carolina

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

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

Most Recent Year Prior Year

Revenue

$1,622,495

$1,213,060

COGS

$1,485,064

$1,369,751

Tax

$0

$0

 

 

Net Income

$-1,037,249

$-1,138,601

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$474,686

$160,168

Accounts Receivable

$37,721

$244,951

Total Assets

$616,926

$504,199

Short-Term Debt

$308,251

$219,592

Long-Term Debt

$0

$0

Total Liabilities

$308,251

$219,592

Financials as of: 11/25/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Island Brands 02/22/2022 StartEngine $116,846,805 $186,663 Equity - Preferred Active RegCF
Island Brands 10/29/2021 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
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