Lonerider Spirits

Lonerider Spirits

Early Stage

Innovative spirits for outlaws, by outlaws

Innovative spirits for outlaws, by outlaws

Overview

Raised this Round: Raised: $129,239

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/05/2021

Close Date

03/28/2022

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Early Bird Valuation

$20,747,773

Pre-Money Valuation

$25,934,716

Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Holly Springs, North Carolina

Business Type

Growth

Lonerider Spirits, with a pre-money valuation of $25.9 million, is raising funds on Wefunder. The company makes adventurous spirits for outlaws and distributes them through pre-existing distributor relationships. The Lonerider Spirits brand is iconic and helps the business establish distillery locations due to its name recognition. Chris Mielke founded Lonerider Spirits in May 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards the construction costs of new locations at Pembroke, NC, Durham, NC, and Forest, NC. Lonerider Spirits has received over 30 awards, including NC Whiskey Distillery of the Year in 2020. The revenue from spirits went up 52% from $233,100 in 2019 to $349,600 in 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$349,615

$233,102

COGS

$65,189

$56,659

Tax

$9,895

$5,069

 

 

Net Income

$-141,153

$-313,871

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$175,200

$316,480

Accounts Receivable

$53,135

$45,587

Total Assets

$820,543

$798,110

Short-Term Debt

$25,436

$22,838

Long-Term Debt

$358,267

$196,367

Total Liabilities

$383,703

$219,205

Financials as of: 08/05/2021
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Lonerider Spirits on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $25,934,716
Price per Share: $4.00

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