Red Eye Louie’s

Red Eye Louie’s

Growth Stage

#LIFEBLENDED

#LIFEBLENDED

Overview

Raised this Round: Raised: $11,735

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/12/2023

Close Date

04/13/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$15,255,758

Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Birmingham, Alabama

Business Type

Growth

Red Eye Louie’s, with a valuation of $15.26 million, is raising funds on StartEngine. It is a spirit brand that makes unique blends by experimenting with mixtures of different spirits. The company has already created VODQUILA by thermally-blending vodka and tequila, RUMQUILA with rum and tequila, and WHISQUILA by blending rye whiskey with tequila. Red Eye Louie’s has shipped over 130,000 cases of its premium spirits across the nation as well as to international markets through its 33 distributors and 7,500 retail locations. Chander Arora, Nina Arora, and Vikram Arora founded Red Eye Louie’s in 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$1,531,344

$1,567,469

COGS

$969,073

$1,095,057

Tax

$-15,890

$26,903

 

 

Net Income

$72,363

$78,565

Summary Balance Sheet

FY 2021 FY 2020

Cash

$274,015

$284,876

Accounts Receivable

$168,533

$185,043

Total Assets

$1,152,837

$1,141,218

Short-Term Debt

$66,800

$208,771

Long-Term Debt

$522,588

$679,055

Total Liabilities

$589,388

$887,826

Financials as of: 01/12/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Red Eye Louie’s 04/12/2023 StartEngine $15,255,758 $11,735 Equity - Common Funded RegCF
Red Eye Louie’s 10/26/2021 StartEngine $15,000,000 $253,879 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Red Eye Louie’s on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,255,758
Price per Share: $1.00

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