The Bad Stuff

The Bad Stuff, with a valuation of $9.36 million, is raising funds on StartEngine. The company makes award-winning tequila using excellence and tradition. The Bad Stuff tequila is made using estate-grown agave azul and award-winning processes using a recipe that has been perfected over 93 years in the family. The tequila is sold in over 92 locations, including retail, on-premise, and online, and ships nationally to 43 states. Phillip Soto Mares and Darren Enenstein founded The Bad Stuff in July 2020. The current crowdfunding campaign has a minimum target of $14,999.96 and a maximum target of $617,999.86. The campaign proceeds will be used for inventory, company employment, working capital, marketing, and operations.

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Investment Overview

Raised this Round: Raised: $91,036

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/01/2024
Close Date
12/31/2024
Min. Goal
$15,000
Max. Goal
$618,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.58

Pre-Money Valuation

$9,355,301

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Los Angeles, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Phillip Mares
Title
President and Director
Founder Name
Darren Enenstein
Title
CEO, CFO, Chairman and Member of the Board of Directors

Financials

as of July 31, 2024
 Revenue -52.3% YoY
$212,554
 Monthly Burn
$3,500
 Runway
17.1 months
Gross Margin
10%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$212,554

$445,545

COGS

$191,183

$318,895

Tax

$0

$0

 

 

Net Income

$-614,301

$-723,118

Summary Balance Sheet

FY 2023 FY 2022

Cash

$29,911

$18,948

Accounts Receivable

$64,008

$41,057

Total Assets

$3,566,763

$4,123,218

Short-Term Debt

$50,451

$1,668

Long-Term Debt

$135,802

$126,739

Total Liabilities

$186,253

$128,407

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$380,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2024 StartEngine $9,355,301 $91,036 Equity - Common Active RegCF
04/30/2021 StartEngine $9,293,369 $394,251 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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The Bad Stuff on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,355,301
Price per Share: $0.58

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Follow The Bad Stuff on StartEngine 2024

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