Texas Tail Distillery

Texas Tail Distillery

Early Stage

A Micro Distillery Raising the Bar

A Micro Distillery Raising the Bar

Overview

Raised to Date: Raised: $560,695

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/12/2023

Close Date

04/22/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,483

# of Investors

253

Momentum
Funded
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Year Founded

2023

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Galveston, Texas

Business Type

Growth

Texas Tail Distillery, with a valuation of $10 million, is raising funds on StartEngine. The distillery makes unique and handmade spirits using exceptional and high-quality ingredients. Texas Tail Distillery sources locally-grown ingredients and captures the essence of Texas in a bottle while supporting local agriculture and protecting the environment. The special products of Texas Tail Distillery include bourbon and vodka; both made using exceptional processes and earning top ratings in major spirit competitions. Nicholas Droege and Gregory Truex founded Texas Tail Distillery in October 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, equipment, and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$817,924

$769,046

COGS

$180,169

$259,568

Tax

$0

$0

 

 

Net Income

$-104,797

$-215,440

Summary Balance Sheet

FY 2022 FY 2021

Cash

$113,338

$8,549

Accounts Receivable

$30,133

$33,809

Total Assets

$1,246,128

$1,163,586

Short-Term Debt

$164,006

$225,427

Long-Term Debt

$962,342

$1,228,885

Total Liabilities

$1,126,348

$1,454,312

Financials as of: 11/12/2023
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Texas Tail Distillery on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $5.00

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