Ranch Rider Spirits

Growth Stage
One of the top tequila cocktails in the US & the original Ranch Water
Overview
Raised: $407,860
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
408%
% of Max. Goal
33%
Likelihood of Max
Avg. Daily Raise
$7,283
# of Investors
286
Momentum
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Ranch Rider Spirits, with a valuation of $36 million, is raising funds on Wefunder. The company makes and sells premium canned drinks using clean and high-quality ingredients. The ingredients of Ranch Rider Spirits cocktails include reposado tequila, sparkling water, and freshly-squeezed lime. The company is known for not using any additives, preservatives, or artificial flavors and using all-natural, simple, and premium ingredients. Ranch Rider Spirits is currently the number two canned cocktail business in Texas and has generated $14 million in revenue since its launch. Brian Murphy and Quentin Cantu founded Ranch Rider Spirits in July 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory investment, further innovation development, promotional activities, distributor incentives, and discretionary spending.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$5,137,983 |
$3,447,309 |
COGS |
$6,187,493 |
$1,950,610 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-10,375,880 |
$-501,105 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$4,950,087 |
$605,248 |
Accounts Receivable |
$328,355 |
$304,696 |
Total Assets |
$7,907,135 |
$3,660,407 |
Short-Term Debt |
$9,147,315 |
$989,615 |
Long-Term Debt |
$451,964 |
$0 |
Total Liabilities |
$9,599,279 |
$989,615 |
Financials as of: 01/30/2023
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