Lost Spirits Distillery
Meet the "Willy Wonka" of Booze. - Playboy Magazine.
Analytics
Raised: $2,257,930
Aggregate Commitments $
Platform
Wefunder
Start Date
03/28/2022
Close Date
04/30/2022
Min. Goal
$83,069
Max. Goal
$4,999,999
Min. Investment
$100
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$2.40
Pre-Money Valuation
$48,039,487
Rolling Commitments $
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
2,718%
% of Max. Goal
45%
Likelihood of Max
Funded
Avg. Daily Raise
$68,422
Momentum
Funded
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Location
Los Angeles, California
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 03/28/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Lost Spirits Distillery | 04/30/2022 | Wefunder | $48,039,487 | $2,257,930 | Equity - Common | Funded | RegCF |
| Lost Spirits Distillery | 05/09/2021 | Wefunder | $20,022,100 | $1,330,942 | Equity - Common | Funded | RegCF / RegD 506(c) |
| Lost Spirits Distillery | 03/21/2020 | Wefunder | $20,022,056 | $1,070,000 | Equity - Common | Funded | RegCF |
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