Municipal Winemakers

Municipal Winemakers

Closed: Jan. 2024

About this raise

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.

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Investment Overview

Invested this round: $124,000

Deal Terms

Total Commitments

Platform
SMBX
Start Date
12/21/2023
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
23
Prior Founder Exits?
No
Founder Name
David Potter
Title
CEO/Managing Member

Financials

as of Fiscal Year 2022
 Revenue +5% YoY
$1,546,801
 Monthly Burn
$1,968
 Cash on Hand
$150,874
Gross Margin
81%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/01/2024 SMBX - $124,000 Debt Funded RegCF
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Municipal Winemakers on SMBX 2023
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Municipal Winemakers may no longer be accepting investments.

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