Skeptic Distillery Co.

Skeptic Distillery Co.

About this raise

Skeptic Distillery, the creator of fresh and smooth natural spirits, is raising funds on WeFunder. The company retains the freshness of its 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. Skeptic Distillery was founded by Karl C Loepke and has raised $415,711 since its inception. The current crowdfunding round has a minimum target of $250,000 and a maximum target of $500,000, and the funds will be used towards equipment, raw materials, inventory, tasting-room buildout, facility improvement, and operating capital. Skeptic Distillery generated $53,000 in revenues in the past 12 months and expects to reach breakeven next year.

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Investment Overview

Invested this round: $114,854

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/01/2019
Close Date
04/17/2020
Min. Goal
$50,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.25X

Company & Team

Company

Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Melrose Park, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Founder Name
Karl Loepke
Title
CEO

Financials

 Revenue
$36,792
 Monthly Burn
$5,302
 Runway
1 months
Gross Margin
76%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$36,792

$0

COGS

$8,842

$0

Tax

$0

$0

 

 

Net Income

$-63,629

$1,147

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,240

$12,090

Accounts Receivable

$27,888

$0

Total Assets

$209,183

$89,175

Short-Term Debt

$6,027

$6,122

Long-Term Debt

$285,115

$101,383

Total Liabilities

$291,142

$107,505

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/29/2022 StartEngine $9,000,000 $41,265 Equity - Common Funded RegCF
04/17/2020 Wefunder - $114,854 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Skeptic Distillery on Wefunder
Platform: Wefunder
Security Type: Debt

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Warning: according to the close date for this deal, Skeptic Distillery Co. may no longer be accepting investments.

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