Tessier Winery

Tessier Winery

[Closed for Investment] Tessier Winery is raising funds on Honeycomb. The winery is located in Berkeley, California, and is known for its small-batch, high-quality, and organic wines. Tessier Winery uses minimal-interventionist winemaking techniques to bring out the unique characteristics of the grapes and the vineyards and uses sustainable farming practices. The brand is growing nationally and can be found in a number of restaurants and shops in the country. Kristie Tacey founded Tessier Winery in June 2017. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $80,000. The campaign proceeds will be used to purchase winemaking equipment.

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Investment Overview

Raised this Round: Raised: $80,000

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
07/25/2024
Close Date
08/15/2024
Min. Goal
$10,000
Max. Goal
$80,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 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
Berkeley, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Kristie Tacey
Title
Managing Member & Winemaker

Financials

as of Fiscal Year 2023
 Revenue -22.4% YoY
$299,654
 Monthly Burn
$3,399
 Runway
24+ months
Gross Margin
53%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$299,654

$386,062

COGS

$140,044

$215,717

Tax

$0

$0

 

 

Net Income

$-40,783

$-34,764

Summary Balance Sheet

FY 2023 FY 2022

Cash

$93,019

$34,216

Accounts Receivable

$14,524

$21,950

Total Assets

$307,281

$254,267

Short-Term Debt

$26,975

$18,706

Long-Term Debt

$130,740

$62,178

Total Liabilities

$157,715

$80,884

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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
08/15/2024 SMBX - $80,000 Debt Funded RegCF
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Tessier Winery on SMBX 2024
Platform: SMBX
Security Type: Debt

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