Parlor Beverages
Early Stage
Creating the finest craft sodas with originality and authenticity for everyone
Overview
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
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,404
# of Investors
172
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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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