Subject to Change Wine

Subject to Change Wine

Wineries

Wineries

Overview

Raised this Round: Raised: $76,330

Total Commitments ($USD)

Platform

SMBX

Start Date

02/04/2024

Close Date

05/01/2024

Min. Goal
$20,000
Max. Goal
$300,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

5.0 years

Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Richmond, California

Business Type

Life Style

Subject to Change Wine is raising funds on SMBX. It is a winery in Richmond, California, that makes a variety of wines combining the Californian culture and high-quality ingredients. Subject to Change Wine makes both fresh wines and wines aged for years using ingredients sourced from responsibly farmed vineyards, native yeast, and no sulfur. The business is highly focused on the quality of its wines and its community and offers a fair and respectful environment. Alex Pomerantz founded Subject to Change Wine in June 2017. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $300,000. The campaign proceeds will be used for rebranding and the launch and production of a new brand, All Hours.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,558,561

$1,376,025

COGS

$644,598

$607,136

Tax

$0

$0

 

 

Net Income

$-112,906

$53,733

Summary Balance Sheet

FY 2022 FY 2021

Cash

$63,794

$70,338

Accounts Receivable

$168,264

$170,363

Total Assets

$1,935,148

$1,282,603

Short-Term Debt

$1,019,306

$400,870

Long-Term Debt

$1,197,945

$1,050,929

Total Liabilities

$2,217,251

$1,451,799

Financials as of: 02/04/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Subject to Change Wine on SMBX 2024
Platform: SMBX
Security Type: Debt

Follow company

Follow Subject to Change Wine on SMBX 2024

Buy Subject to Change Wine's Deal Report

Warning: according to the close date for this deal, Subject to Change Wine may no longer be accepting investments.

Subject to Change Wine Deal Report

Get KingsCrowd’s comprehensive report on Subject to Change Wine including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Subject to Change Wine is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Subject to Change Wine deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge