NITRO Beverage

Early Stage

DRINK DIFFERENT. DRINK NITRO.

Overview

Raised to Date: Raised: $158,752

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/17/2022

Close Date

02/15/2023

Min. Goal

$10,000

Max. Goal

$1,234,999

Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

Funding Type

RegCF

Price Per Share

$0.07

Pre-Money Valuation

$11,401,951

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

13

% of Min. Goal

1,588%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,062

# of Investors

131

Momentum
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Location

Asbury Park, New Jersey

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

NITRO Beverage, with a valuation of $11.4 million, is raising funds on StartEngine. The business uses the power of nitrogen to create an exciting drinking experience. NITRO Beverage has its coffee drinks in the market and recently introduced NITRO Kombucha to the beverages market. NITRO Beverage products have a loyal customer base and are available in over 1,500 stores nationwide at major retailers, including Whole Foods Market, 7-11, and ShopRite Stores. Mike D’Amico, Kareem Elhamasy, and Paolo D’Amico founded NITRO Beverage in August 2016. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1.23 million. The campaign proceeds will be used for product innovations, manufacturing, marketing, and expansion in domestic and international markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$814,900

$656,247

COGS

$663,353

$568,441

Tax

$0

$0

 

 

Net Income

$-1,073,409

$-216,370

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$39,428

$138,402

Accounts Receivable

$51,526

$46,050

Total Assets

$196,831

$240,963

Short-Term Debt

$52,838

$330,214

Long-Term Debt

$62,417

$334,558

Total Liabilities

$115,255

$664,772

Financials as of: 11/17/2022
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NITRO Beverage on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $11,401,951

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