Sandinista Tequila
Early Stage
The Spirit of Liberation
Overview
Raised: $21,039
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/19/2023
Close Date
06/28/2023
Min. Goal
$9,998
Max. Goal
$999,996
Min. Investment
$248
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$6.90
Pre-Money Valuation
$8,337,187
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$208
# of Investors
33
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Sandinista Tequila, with a valuation of $8.34 million, is raising funds on StartEngine. The company makes its tequila reposado flavored with lime, sriracha, and a blend of spices. The tequila of Sandinista Tequila is highly differentiated and designed ground up to be sustainable and scalable. Sandinista Tequila has a distribution contract with Republic National Distributing Company for 33 states in the US and with Park Street Imports for supplying and importing for all 50 US states. David Larson founded Sandinista Tequila in September 2019. The current crowdfunding campaign has a minimum target of $9,998.10 and a maximum target of $999,996.30. The campaign proceeds will be used for marketing, inventory, employment, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$17,817 |
$0 |
|
COGS |
$6,500 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-84,114 |
$-28,060 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$25,219 |
$7,193 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$265,323 |
$162,708 |
|
Short-Term Debt |
$58,855 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$58,855 |
$0 |
Financials as of: 03/19/2023
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