Skeptic Distillery Co.
Award-Winning, Fresh, Smooth, Natural Spirits. Be Curious. Drink Skeptic.
Analytics
Raised: $41,265
Aggregate Commitments $
Platform
StartEngine
Start Date
10/01/2021
Close Date
03/29/2022
Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment
$250
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$5.00
Pre-Money Valuation
$9,000,000
Rolling Commitments $
Status
Funded
Reporting Date
04/03/2022
Days Remaining
Funded
% of Min. Goal
413%
% of Max. Goal
4%
Likelihood of Max
Funded
Avg. Daily Raise
$231
Momentum
Funded
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Location
Melrose Park, Illinois
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Skeptic Distillery, with a valuation of $9 million, is raising funds on StartEngine. The company creates fresh and smooth natural spirits by retaining the freshness of ingredients by using the cold vacuum distillation process. The spirits of Skeptic Distillery, mainly vodka and gin, do not contain sugar or other additives and are sold at various bars, restaurants, online, and stores. The sales of Skeptic Distillery reached $303,000 in 2020 and are already at $180,000 for 2021. Karl C Loepke founded Skeptic Distillery in 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,000,000. The campaign proceeds will be used to create and sell off new brands.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$324,237 |
$40,050 |
|
COGS |
$203,133 |
$13,851 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-153,106 |
$-207,724 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,956 |
$13,610 |
|
Accounts Receivable |
$45,511 |
$449 |
|
Total Assets |
$309,692 |
$204,384 |
|
Short-Term Debt |
$355,722 |
$253,925 |
|
Long-Term Debt |
$299,666 |
$275,449 |
|
Total Liabilities |
$655,388 |
$529,374 |
Financials as of: 10/01/2021
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