Ranch Rider Spirits

Ranch Rider Spirits

Growth Stage

One of the top tequila cocktails in the US & the original Ranch Water

One of the top tequila cocktails in the US & the original Ranch Water

Overview

Raised this Round: Raised: $659,812

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/29/2023

Close Date

04/30/2023

Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Convertible Note

Series

Series D

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$36,000,000

Discount

20%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

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

FY 2021 FY 2020

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

FY 2021 FY 2020

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: 01/29/2023
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Ranch Rider Spirits on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $36,000,000

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