Key West Trading Co.
Early Stage
Notoriously Good For Not Getting Caught
Overview
Raised: $197,575
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/05/2023
Close Date
04/29/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.50
Pre-Money Valuation
$6,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,363
# of Investors
233
Momentum
Funded
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Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Key West Trading Co., with a valuation of $6 million, is raising funds on StartEngine. The company makes and distributes high-quality spirits using time-honored recipes and techniques. Key West Trading Co.’s flagship products include the Smugglers’ Choice Whiskey, Wreckers' Select Vodka, Temple Pent’s Revenge Rum, and Death in the Afternoon Absinthe. The business has a loyal customer base and has won several awards for its spirits. James Martin founded Key West Trading Co. in August 2023. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for website development, product portfolio expansion, expansion to Miami for increased market reach, purchasing a space for sales and distribution, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$359,390 |
$348,120 |
|
COGS |
$76,677 |
$118,641 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$15,809 |
$-52,791 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$57,107 |
$14,446 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$204,919 |
$201,658 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/05/2023
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