Revival Tea

Revival Tea

Growth Stage

Leading the Revival For Tea in the U.S.

Leading the Revival For Tea in the U.S.

Overview

Raised this Round: Raised: $165,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/05/2024

Close Date

09/30/2024

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$250

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.50

Early Bird Valuation

$9,027,164

Pre-Money Valuation

$10,030,182

Year Founded

2024

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Spokane, Washington

Revival Tea, with a valuation of $10 million, is raising funds on Wefunder. The tea company sells a wide variety of teas across the country. Revival Tea makes its own teas and also works with co-manufacturing partners to help the company scale and focus on other revenue streams. The business sells its products through its three brick-and-mortar locations and online and has a revenue run rate of $1.33 million in the trailing twelve months. Drew Henry founded Revival Tea in February 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for inventory, digital advertising, and R&D of new products.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,114,794

$582,166

COGS

$366,636

$196,140

Tax

$9,885

$4,567

 

 

Net Income

$-426,167

$-238,019

Summary Balance Sheet

FY 2023 FY 2022

Cash

$96,048

$57,416

Accounts Receivable

$17,886

$0

Total Assets

$996,905

$570,790

Short-Term Debt

$527,571

$353,732

Long-Term Debt

$835,054

$475,557

Total Liabilities

$1,362,625

$829,289

Financials as of: 06/05/2024
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Revival Tea on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,030,182
Price per Share: $1.50

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