Peak Cocktails
Early Stage
Revolutionizing the Alcohol-Free Market for Active People
Overview
Raised: $55,600
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/27/2024
Close Date
07/30/2024
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$6,500,000
Valuation Cap
$7,200,000
Discount
5%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
93
% of Min. Goal
111%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$1,794
# of Investors
53
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Peak Cocktails, with a valuation of $7.2 million, is raising funds on Wefunder. The business makes non-alcoholic cocktails for athletes and active people. Peak Cocktails uses clinically tested ingredients and techniques of master mixologists to create cocktails that enhance the non-alcoholic drinking experience. The business has generated $600,000 in revenue with a 70% gross margin and 50% sales from repeat buyers. Ian Cross founded Peak Cocktails in December 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory, marketing, operations, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$402,668 |
$30,437 |
|
COGS |
$354,369 |
$68,624 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-161,887 |
$78,312 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$18,981 |
$36,370 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$88,048 |
$77,468 |
|
Short-Term Debt |
$134,519 |
$16,156 |
|
Long-Term Debt |
$29,577 |
$35,623 |
|
Total Liabilities |
$164,096 |
$51,779 |
Financials as of: 03/27/2024
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