The Bitter Housewife
Early Stage
Drinks shouldn't have rules!
Overview
Raised: $152,204
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/06/2021
Close Date
11/03/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$5,497,708
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$846
# of Investors
129
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
The Bitter Housewife, with a pre-money valuation of $5.5 million, is raising crowdfunding on StartEngine. The company makes award-winning cocktail bitters and zero-alcohol canned beverages. The drinks are made using all real ingredients and lots of flavors. Dan Brazelton and Genevieve Brazelton founded The Bitter Housewife in February 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The raise proceeds to launch new products, establish a membership program, and expand retail availability. The Bitter Housewife reported a 537% increase in revenue from January 2020 to January 2021, and the direct-to-consumer sales grew by 395% in 2020 alone.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$401,710 |
$741,120 |
|
COGS |
$193,309 |
$209,407 |
|
Tax |
$2,556 |
$1,435 |
| ||
| ||
|
Net Income |
$-353,133 |
$-49,381 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$22,819 |
$15,165 |
|
Accounts Receivable |
$63,526 |
$52,787 |
|
Total Assets |
$203,350 |
$189,727 |
|
Short-Term Debt |
$314,335 |
$250,060 |
|
Long-Term Debt |
$315,544 |
$149,595 |
|
Total Liabilities |
$629,879 |
$399,655 |
Financials as of: 05/06/2021
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