ONE ROQ Spirits
Escape The Ordinary. Own Your Spirit.
Overview
Raised: $320,654
Total Commitments ($USD)
Platform
Andes Capital
Start Date
01/12/2023
Close Date
12/21/2023
Min. Goal
$10,000
Max. Goal
$3,937,541
Min. Investment
$200
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$0.79
Pre-Money Valuation
$42,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
322
% of Min. Goal
3,207%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$15,269
# of Investors
354
Momentum
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Location
Buffalo, New York
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$123,982 |
$64,510 |
|
COGS |
$111,956 |
$26,647 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-564,807 |
$-462,201 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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 |
Financials as of: 01/12/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| ONE ROQ Spirits | 12/21/2023 | Andes Capital | $42,000,000 | $320,654 | Equity - Common | Active | RegCF |
| ONE ROQ Spirits | 02/09/2022 | StartEngine | $23,179,353 | $1,062,459 | Equity - Common | Funded | RegCF |
| ONE ROQ Spirits | 04/15/2020 | StartEngine | $10,100,000 | $1,000,000 | Equity - Common | Funded | RegCF |
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