Municipal Winemakers

Municipal Winemakers

Wine And Distilled Alcoholic Beverage Merchant Wholesalers

Wine And Distilled Alcoholic Beverage Merchant Wholesalers

Overview

Raised this Round: Raised: $124,000

Total Commitments ($USD)

Platform

SMBX

Start Date

12/20/2023

Close Date

02/01/2024

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Year Founded

2007

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Santa Barbara, California

Business Type

Life Style

Municipal Winemakers is raising funds on SMBX. The business crafts high-quality, sustainable wine and has its own tasting rooms. Municipal Winemakers is breaking the mold of traditional wineries by being community-focused and fostering local connections. The winery’s tasting rooms are the places to sample wine and for people to gather, learn, and become part of the ever-growing wine community. David Potter founded Municipal Winemakers in July 2007. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for building out a new location in Ventura, California.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,546,801

$1,477,508

COGS

$294,017

$259,871

Tax

$0

$0

 

 

Net Income

$-23,617

$181,803

Summary Balance Sheet

FY 2022 FY 2021

Cash

$150,874

$128,870

Accounts Receivable

$10,868

$22,789

Total Assets

$1,097,890

$848,902

Short-Term Debt

$270,090

$226,015

Long-Term Debt

$1,064,294

$567,249

Total Liabilities

$1,334,384

$793,264

Financials as of: 12/20/2023
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Municipal Winemakers on SMBX 2023
Platform: SMBX
Security Type: Debt

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