Montecito Spirits Company
Early Stage
Award-Winning Spirits produced in the American Riviera
Overview
Raised: $10,254
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/21/2023
Close Date
08/21/2023
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.38
Pre-Money Valuation
$3,500,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/21/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$113
# of Investors
20
Momentum
Not Funded
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Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Montecito Spirits Co., with a valuation of $3.5 million, is raising funds on StartEngine. The company is entering into a growing market by producing high-end, cognac-style brandy using California grapes. Most of the brandy that has been produced in the US is a lower-end, dessert-style brandy, instead of a higher-end Cognac-style brandy. They will initially target the US market, but plans to expand its market reach globally, where the market is currently valued at $23.7 billion. Kurt Charron founded Montecito Spirits Co. in 2023. The current crowdfunding campaign has a minimum target of $14,999 and a maximum target of $1.2 million. The campaign proceeds will be used for R&D, inventory, working capital, and construction & equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,821 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$921 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$921 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/21/2023
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