Mishka Premium Vodka
Early Stage
Sip the sensation of clean, gluten-free, premium-flavored vodka.
Overview
Raised: $290,002
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/27/2023
Close Date
02/26/2024
Min. Goal
$15,000
Max. Goal
$1,234,964
Min. Investment
$298
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.89
Pre-Money Valuation
$20,025,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,921
# of Investors
243
Momentum
Funded
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Year Founded
2008
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Mishka Premium Vodka, with a valuation of $20.02 million, is raising funds on StartEngine. It is an alcohol manufacturing company that makes all-natural and affordable gluten-free premium vodka. Mishka Premium Vodka is designed with different flavors, including honey and cranberry-flavoured vodka and kosher and citrus-flavoured vodka. The brand has a loyal customer base and has collaborations with leading companies like the Philadelphia 76ers, Iron Pigs, and Invited Clubs. Russell Fletcher founded Mishka Premium Vodka in March 2008. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, operations, distillery equipment, and building construction.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$550,463 |
$226,056 |
|
COGS |
$188,930 |
$24,542 |
|
Tax |
$6,063 |
$0 |
| ||
| ||
|
Net Income |
$14,255 |
$7,600 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$55,936 |
$28,088 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$339,432 |
$227,526 |
|
Short-Term Debt |
$62,182 |
$39,277 |
|
Long-Term Debt |
$43,469 |
$0 |
|
Total Liabilities |
$105,651 |
$39,277 |
Financials as of: 09/27/2023
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