Lost Spirits Distillery

Lost Spirits Distillery

Growth Stage

Meet the "Willy Wonka" of Booze. - Playboy Magazine.

Meet the "Willy Wonka" of Booze. - Playboy Magazine.

Overview

Raised to Date: Raised: $2,257,930

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/27/2022

Close Date

04/30/2022

Min. Goal
$83,069
Max. Goal
$4,999,999
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.40

Pre-Money Valuation

$48,039,487

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$68,422

# of Investors

2,821

Momentum
Funded
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Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

Lost Spirits Distillery, with a valuation of $48 million, is raising funds on Wefunder. It is one of the world’s best distilleries, blended with a theme park experience. The new kind of distillery concept comes with an elaborate tour and fine dining experience and sells tickets for visits. Lost Spirits Distillery reported $8.9 million in annual revenue from the Las Vegas Distillery and plans to reopen Los Angeles Distillery in 2022. Bryan Davis and Joanne Haruta founded Lost Spirits Distillery in January 2020. The current crowdfunding campaign has a minimum target of $83,069 and a maximum target of $4,999,999. The campaign proceeds will be used for the next expansion project, operating expenses, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$849,495

$1,589,565

COGS

$187,690

$338,738

Tax

$17,115

$19,400

 

 

Net Income

$-2,429,466

$-1,833,878

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$100,200

$124,232

Accounts Receivable

$4,100

$4,804

Total Assets

$2,498,559

$1,661,514

Short-Term Debt

$1,559,899

$1,219,565

Long-Term Debt

$1,537,169

$523,606

Total Liabilities

$3,097,068

$1,743,171

Financials as of: 03/27/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Lost Spirits Distillery 04/29/2022 Wefunder $48,039,487 $2,257,930 Equity - Common Funded RegCF
Lost Spirits Distillery 05/08/2021 Wefunder $20,022,100 $1,330,942 Equity - Common Funded RegCF / RegD 506(c)
Lost Spirits Distillery 03/20/2020 Wefunder $20,022,056 $1,070,000 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Lost Spirits Distillery on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $48,039,487
Price per Share: $2.40

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