Simply Agave

Early Stage

Artisanal mezcal

Analytics

Raised to Date: Raised: $20,817

Aggregate Commitments $

Platform

StartEngine

Start Date

05/11/2021

Close Date

11/08/2021

Min. Goal

$9,991

Max. Goal

$1,069,983

Min. Investment

$584

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$17,997,264

Rolling Commitments $

Status

Active

Reporting Date

10/21/2021

Days Remaining

18

% of Min. Goal

208%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$128

Momentum
cold
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Location

San Marino, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Simply Agave, with a pre-money valuation of $18 million, is raising funds on StartEngine. The company makes and sells Lethal Mezcal, a smoky and smooth mezcal, in addition to its agave nectar Simply Agave. The business plans to place its Lethal Margarita, made with a combination of Lethal Mezcal and Simply Agave, in high-end restaurants across America. Sean Ryan founded Simply Agave in 2008. The current round of crowdfunding has a minimum raise of $9,950.50 and a maximum raise of $1,069,982.55. The raise proceeds will target more partnerships and better expansion. Simply Agave is ready to disrupt the American cocktail industry and swoop the cocktail connoisseurs off their feet.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$562,231

$762,605

COGS

$349,075

$471,948

Tax

$450

$10,850

 

 

Net Income

$-91,946

$-101,159

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$23,922

$94,151

Accounts Receivable

$62,390

$58,462

Total Assets

$314,667

$295,105

Short-Term Debt

$26,508

$0

Long-Term Debt

$235,405

$150,405

Total Liabilities

$261,913

$150,405

Financials as of: 05/11/2021
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Simply Agave on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,997,264

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