Spirity Cocktails
Early Stage
Non-alcoholic cocktails traditionally crafted with Spirits Distilled From Tea providing an adult-like sipping experience
Overview
$72,000 - RegCF
$207,000 - Total
$207,000 - Total
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,469
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Spirity Cocktails, with a valuation of $4 million, is raising funds on SeedInvest. The company makes non-alcoholic cocktails using spirits distilled from tea. The cocktails are traditionally crafted and provide an adult-like sipping experience. Spirity Cocktails drinks are designed to be sold and consumed on the same occasions as hard seltzers and canned RTD cocktails. The business has generated $630,000 in lifetime sales, with 53% of the revenue from repeat customers. Eric Knight and Joseph Rosa founded Spirity Cocktails in July 2019. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $400,000, and a maximum target of $1,000,000. The campaign proceeds will be used for the team, marketing, product, and working capital.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$349,901 |
$0 |
COGS |
$293,588 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-46,201 |
$-108,550 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$31,248 |
$49,256 |
Accounts Receivable |
$6,320 |
$0 |
Total Assets |
$143,487 |
$100,842 |
Short-Term Debt |
$17,939 |
$4,651 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$17,939 |
$4,651 |
Financials as of: 08/11/2022
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