IZO Spirits

Early Stage

Premium Mezcal, Tequila, Sotol, Bacanora

Analytics

Raised to Date: Raised: $288,437

Aggregate Commitments $

Platform

StartEngine

Start Date

08/13/2021

Close Date

02/09/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$25,000,000

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

115

% of Min. Goal

2,884%

% of Max. Goal

27%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,437

Momentum
cold
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Location

San Diego, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

IZO Spirits, with a valuation of $25 million, is raising funds on StartEngine. The business offers a full line of premium Mexican spirits, including Tequila, Bacanora, Sotol, and types of Mezcal. The spirits of IZO Spirits are traditional, handcrafted, and sustainably produced. IZO Spirits are already sold in Arizona, California, Delaware, Nevada, Illinois, New Jersey, New York, and Pennsylvania and earned several awards. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to move to a new distillation facility and expand its capacity to meet the growing demand.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$105,738

$45,711

COGS

$86,730

$22,042

Tax

$0

$0

 

 

Net Income

$-356,737

$-370,107

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,336

$6,432

Accounts Receivable

$68,623

$3,561

Total Assets

$196,601

$11,743

Short-Term Debt

$93,849

$254

Long-Term Debt

$457,000

$509,000

Total Liabilities

$550,849

$509,254

Financials as of: 08/13/2021
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IZO Spirits on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000

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