Mulholland Distilling
Early Stage
Award-winning craft spirits
Overview
Raised: $142,925
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/11/2022
Close Date
02/08/2023
Min. Goal
$9,998
Max. Goal
$1,234,992
Min. Investment
$239
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$8.84
Pre-Money Valuation
$13,020,269
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
7
% of Min. Goal
1,430%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$1,743
# of Investors
96
Momentum
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Location
Los Angeles, California
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Mulholland Distilling, with a valuation of $13.02 million, is raising funds on StartEngine. The company makes award-winning craft spirits that are sold in bars and restaurants in nine states and direct to consumers in 27 states. The business is committed to value and quality and uses the highest quality ingredients and creativity to make its spirits. Mulholland Distilling has built a strong community and reported a 100% growth in its rolling year-over-year sales in the trailing 12 months. Walton Goggins and Matthew Alper founded Mulholland Distilling in February 2014. The current crowdfunding campaign has a minimum target of $9,998.04 and a maximum target of $1.23 million. The campaign proceeds will be used to create jobs, engage consumers, grow the inventory, and expand the presence in all markets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$526,975 |
$288,138 |
|
COGS |
$373,121 |
$191,044 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-561,330 |
$-407,375 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,694 |
$150,605 |
|
Accounts Receivable |
$82,297 |
$39,217 |
|
Total Assets |
$495,906 |
$563,402 |
|
Short-Term Debt |
$381,364 |
$212,530 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$381,364 |
$212,530 |
Financials as of: 11/11/2022
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