Municipal Winemakers
Wine And Distilled Alcoholic Beverage Merchant Wholesalers
Overview
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
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,952
Momentum
Funded
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Year Founded
2007
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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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