Lanikai Brewing Company
Growth Stage
Island-Inspired
Overview
Raised: $430,650
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/09/2023
Close Date
07/08/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$251
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.04
Pre-Money Valuation
$28,501,395
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,299
# of Investors
307
Momentum
Funded
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Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Lanikai Brewing Company, with a valuation of $28.5 million, is raising funds on StartEngine. The company makes Island Inspired craft beers and spirits using brews made in Hawaii. The brewery creates authentic and bold spirits by using premium, native, and locally-grown Hawaiian ingredients. Lanikai Brewing Company also operates a taproom Kailua O’ahu as a family-friendly gathering space and aims to open more locations in the near future. Steve Haumschild founded Lanikai Brewing Company in March 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, working capital, inventory, and the buildout of new restaurants.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,115,072 |
$1,564,613 |
|
COGS |
$745,988 |
$542,058 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-248,206 |
$-209,900 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$98,041 |
$21,516 |
|
Accounts Receivable |
$34,203 |
$15,933 |
|
Total Assets |
$1,269,501 |
$675,023 |
|
Short-Term Debt |
$346,552 |
$199,234 |
|
Long-Term Debt |
$1,392,065 |
$690,699 |
|
Total Liabilities |
$1,738,617 |
$889,933 |
Financials as of: 05/09/2023
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