Red Eye Louie’s
#LIFEBLENDED
Overview
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
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
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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