Spirity Cocktails

Spirity Cocktails

Early Stage

Non-alcoholic cocktails traditionally crafted with Spirits Distilled From Tea providing an adult-like sipping experience

Non-alcoholic cocktails traditionally crafted with Spirits Distilled From Tea providing an adult-like sipping experience

Overview

Raised to Date:
$72,000 - RegCF
$207,000 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

08/11/2022

Close Date

09/30/2022

Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

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

Location

Modesto, California

Business Type

Growth

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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Spirity Cocktails on SeedInvest 2022
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $4,000,000

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