Sool

Growth Stage
A Global Provider of Korean Alcoholic Beverages: Makku and Soku
Overview
Raised: $35,600
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
71%
% of Max. Goal
29%
Likelihood of Max
Avg. Daily Raise
$1,319
Momentum
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Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Sool, with a valuation of $20 million, is raising funds on Wefunder. The business is a global provider of Korean alcoholic beverages, including Makku and Soku. The company is globalizing Korean alcohol in an accessible and inclusive way and is building a supportive and inspiring community base. On the one hand, Makku is a modern take on makgeoli, while Soku is a Soju sparkling cocktail made using real fruit juice, a burst of bubbles, and the liquor soju. Sool sells across 22 states in the US and reported a 3,924% revenue growth from 2019 to 2021. Carol Pak founded Sool in June 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory purchasing, freight fees, new sales hires, and sales and distribution support.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$1,312,736 |
$485,869 |
COGS |
$927,216 |
$211,006 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-954,529 |
$-345,445 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$74,513 |
$36,739 |
Accounts Receivable |
$285,330 |
$76,849 |
Total Assets |
$566,189 |
$204,451 |
Short-Term Debt |
$49,931 |
$65,153 |
Long-Term Debt |
$0 |
$1,574 |
Total Liabilities |
$49,931 |
$66,727 |
Financials as of: 02/28/2023
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