Pure Brands Company
Early Stage
100% Agave Tequila RTDs Made in Good Faith
Overview
Raised: $50,461
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/23/2023
Close Date
08/24/2023
Min. Goal
$9,992
Max. Goal
$1,234,983
Min. Investment
$153
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$9.01
Pre-Money Valuation
$10,011,011
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$548
# of Investors
72
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Pure Brands Company, with a valuation of $10.01 million, is raising funds on StartEngine. The company has developed a ready-to-drink cocktail, Buena Fe, using authentic, 100% blue agave tequila and high-quality organic ingredients. Pure Brands Company has established distribution partnerships in ten states and has received pre-orders from them. Patty Baer and Andrew Bushby founded Pure Brands Company in January 2022. The current crowdfunding campaign has a minimum target of $9,992.09 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, company employment, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$104,649 |
$903 |
|
COGS |
$86,732 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$156,985 |
$-172,666 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$95 |
$326 |
|
Accounts Receivable |
$6,704 |
$0 |
|
Total Assets |
$299,799 |
$68,182 |
|
Short-Term Debt |
$2,922 |
$7,850 |
|
Long-Term Debt |
$88,862 |
$0 |
|
Total Liabilities |
$91,784 |
$7,850 |
Financials as of: 05/23/2023
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