Red Eye Louie’s

Growth Stage

#LIFEBLENDED

Overview

Raised to Date: Raised: $8,966

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/13/2023

Close Date

04/13/2023

Min. Goal

$10,000

Max. Goal

$1,235,000

Min. Investment

$250

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$15,255,758

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/05/2023

Days Remaining

67

% of Min. Goal

90%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$390

# of Investors

13

Momentum
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Location

Birmingham, Alabama

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

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

Most Recent Year Prior Year

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

Most Recent Year Prior Year

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: 01/13/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Red Eye Louie’s 04/13/2023 StartEngine $15,255,758 $8,966 Equity - Common Active RegCF
Red Eye Louie’s 10/27/2021 StartEngine $15,000,000 $253,879 Equity - Common Funded RegCF
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Red Eye Louie’s on StartEngine 2023
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,255,758
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