Three Chord Bourbon
Growth Stage
Award Winning Blended Bourbon Company Founded by Rock Hall Famer Neil Giraldo
Overview
Raised: $371,652
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/23/2023
Close Date
04/29/2024
Min. Goal
$50,002
Max. Goal
$3,999,976
Min. Investment
$100
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$25.73
Pre-Money Valuation
$29,999,998
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,977
# of Investors
303
Momentum
Funded
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Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Three Chord Bourbon, with a valuation of $30 million, is raising funds on Wefunder. It is an award-winning blended bourbon company that makes nine core whiskey products. Three Chord Bourbon sells through 3,000 stores in 38 states in the US and Canada and aims to reach nationwide distribution in 2023. The company also sells through online delivery services and sold over 11,000 cases in 2021. Neil Giraldo founded Three Chord Bourbon in May 2017. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $4 million. The campaign proceeds will be used for marketing, sales, product production, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,704,597 |
$1,658,610 |
|
COGS |
$1,549,481 |
$1,083,277 |
|
Tax |
$8,563 |
$19,460 |
| ||
| ||
|
Net Income |
$-3,215,607 |
$-2,027,554 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$141,496 |
$173,500 |
|
Accounts Receivable |
$48,477 |
$125,590 |
|
Total Assets |
$1,044,068 |
$1,101,957 |
|
Short-Term Debt |
$3,030,567 |
$5,751,965 |
|
Long-Term Debt |
$124,498 |
$127,100 |
|
Total Liabilities |
$3,155,065 |
$5,879,065 |
Financials as of: 10/23/2023
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