Parlor Beverages

Parlor Beverages

Early Stage

Creating the finest craft sodas with originality and authenticity for everyone

Creating the finest craft sodas with originality and authenticity for everyone

Overview

Raised this Round: Raised: $141,838

Total Commitments ($USD)

Platform

Republic

Start Date

03/14/2023

Close Date

05/13/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$150

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Wilkes-Barre, Pennsylvania

Business Type

Growth

Parlor Beverages, with a valuation of $10 million, is raising funds on Republic. The company makes authentic and original craft sodas for everyone. The flagship product of Parlor Beverages is its root beer which is non-alcoholic, caffeine-free, and made using pure cane sugar. The company also makes birch beer and butterscotch root beer by infusing its original root beer with mint and butterscotch. Parlor Beverages ships to all 50 states in the US and plans to add 400-600 new stores per quarter starting the second quarter of 2023. John Phillips, Josh Balz, and Aaron Bunch founded Parlor Beverages in May 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales force personnel, content and marketing, and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$272,633

$0

COGS

$101,746

$0

Tax

$0

$0

 

 

Net Income

$7,571

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$43,203

$0

Accounts Receivable

$1,434

$0

Total Assets

$50,837

$0

Short-Term Debt

$43,266

$0

Long-Term Debt

$0

$0

Total Liabilities

$43,266

$0

Financials as of: 03/14/2023
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Parlor Beverages on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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