Splash Wines

Splash Wines

Growth Stage

Never Buy A Wine That Doesn’t Meet Your Highest Expectations

Never Buy A Wine That Doesn’t Meet Your Highest Expectations

Overview

Raised to Date: Raised: $629,518

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/23/2023

Close Date

10/30/2023

Min. Goal
$14,999
Max. Goal
$617,996
Min. Investment

$499

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.87

Pre-Money Valuation

$29,972,865

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

30

% of Min. Goal

4,197%

% of Max. Goal

102%

Likelihood of Max
exceeded
Avg. Daily Raise

$6,359

# of Investors

389

Momentum
warm.svg
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Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Eagle, Idaho

Business Type

Growth

Splash Wines, with a valuation of $29.97 million, is raising funds on StartEngine. It is a direct-to-consumer e-commerce wine company that delivers value-oriented wines to customers’ doorsteps. The customers get to choose a curated case or build their own case of wines and get them delivered as early as the next day or within 2-3 days. Splash Wines experienced a 2.5 times growth in revenue from 2019 to 2022 and generated $29.6 million in revenue in 2022. Robert Mackay Imeson founded Splash Wines in October 2014. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $618,000. The campaign proceeds will be used for marketing, inventory, and competitor acquisition.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$29,579,543

$42,552,927

COGS

$25,085,839

$37,947,745

Tax

$163,303

$81,074

 

 

Net Income

$396,210

$840,137

Summary Balance Sheet

FY 2022 FY 2021

Cash

$372,302

$391,464

Accounts Receivable

$695,626

$30,266

Total Assets

$8,900,545

$7,865,252

Short-Term Debt

$6,796,430

$6,379,557

Long-Term Debt

$226,605

$0

Total Liabilities

$7,023,035

$6,379,557

Financials as of: 06/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Splash Wines 10/30/2023 StartEngine $29,972,865 $629,518 Equity - Common Active RegCF
Splash Wines 05/18/2018 SeedInvest $15,000,000 $459,533 Equity - Preferred Funded RegCF / RegD 506(c)
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Splash Wines on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $29,972,865
Price per Share: $1.87

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