Subject to Change Wine

Subject to Change Wine

Closed: Apr. 2024

About this raise

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.

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Investment Overview

Invested this round: $76,330

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
02/05/2024
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Alexander Pomerantz
Title
Winemaker

Financials

as of Fiscal Year 2022
 Revenue +13% YoY
$1,558,561
 Monthly Burn
$9,409
 Cash on Hand
$63,794
Gross Margin
59%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/01/2024 SMBX - $76,330 Debt Funded RegCF
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Subject to Change Wine on SMBX 2024
Platform: SMBX
Security Type: Debt

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

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