ONE ROQ Spirits

About this raise: ONE ROQ Spirits, with a valuation of $42 million, is raising funds on Andes Capital. The company owns ONE ROQ Vodka, an adult beverage brand, and a membership community that focuses on redefining brand experience through equity, lifestyle, and reward. ONE ROQ Spirits has won several awards for its taste and design and reported a 118% increase in sales and a 94% increase in registered app users in 2021. Garrett Green founded ONE ROQ Spirits in 2012. The current crowdfunding campaign has a minimum target of $9,998.82 and a maximum target of $3.9 million. The campaign proceeds will be used for digital acquisition, inventory production, G&A, marketing and events, and legal and accounting expenses.

Investment Overview

Funding data not publicly available

Deal Terms
Company & Team

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Platform: Andes Capital
Start Date: 01/12/2023
Close Date: 12/22/2023

Min. Goal
$10,000

Max. Goal
$3,937,541

Min. Investment

$200

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF

Price Per Share

$0.79

Pre-Money Valuation

$42,000,000

Company

Year Founded: 2012
Industry: Alcohol, Tobacco, & Recreational Drugs
Tech Sector: Non-Tech
Distribution Model: B2B/B2C
Margin: Medium
Capital Intensity: High
Location: Buffalo, New York
Business Type: Growth
Company Website: Visit Website

Team

Employees: 2
Prior Founder Exits?: No

Founder Name: J. Garrett Green
Title: CEO

Funding data not publicly available

Financials

as of Fiscal Year 2021

Revenue +92% YoY: $123,982
Monthly Burn: $47,067
Runway: 0.4 months
Gross Margin: 10%

View Detailed Financials

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$123,982	$64,510
COGS	$111,956	$26,647
Tax	$0	$0


Net Income	$-564,807	$-462,201

Summary Balance Sheet

	FY 2021	FY 2020
Cash	$20,751	$72,376
Accounts Receivable	$37,296	$21,180
Total Assets	$306,049	$195,936
Short-Term Debt	$166,680	$97,681
Long-Term Debt	$118,482	$130,540
Total Liabilities	$285,162	$228,221

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Ratings

Total Prior Capital Raised: $2,095,321
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
12/22/2023	Andes Capital	$42,000,000	-	Equity - Common	Funded	RegCF
02/09/2022	StartEngine	$23,179,353	$1,062,459	Equity - Common	Funded	RegCF
04/15/2020	StartEngine	$10,100,000	$1,000,000	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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View on Andes Capital

Common Stock, $42M • Closed

15 Following

Add to Portfolio

55 Invested

Deal Considerations

2
Key Challenges
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Other Risks
- No other risks found

ONE ROQ Spirits

ONE ROQ Spirits