Palm Springs Bottle Shop
Beer, Wine, And Liquor Retailers
Overview
Raised: $65,080
Total Commitments ($USD)
Platform
SMBX
Start Date
01/24/2024
Close Date
02/29/2024
Min. Goal
$20,000
Max. Goal
$60,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,859
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Palm Springs Bottle Shop is raising funds on SMBX. It is a specialty wine, beer, spirits, and food shop in Palm Springs, California. Palm Springs Bottle Shop specializes in selling brands and products owned by BIPOC, LGBTQ+, and women makers. The business has two locations where it has hosted events and partnered with organizations like the Palm Springs Art Museum, Palm Springs Pride, GED Magazine, Brothers of the Desert, and more. Christopher White, David Marks, Gillian Fitzgerald, and Sierra Mitchell founded Palm Springs Bottle Shop in March 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $60,000. The campaign proceeds will be used for marketing, publicity, advertising, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$233,549 |
$70,684 |
|
COGS |
$107,000 |
$32,915 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$27,200 |
$-8,396 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$42,341 |
$8,279 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$85,063 |
$44,885 |
|
Short-Term Debt |
$18,839 |
$14,252 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$18,839 |
$14,252 |
Financials as of: 01/24/2024
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.