Three Chord Bourbon

Three Chord Bourbon

Growth Stage

Award Winning Blended Bourbon Company Founded by Rock Hall Famer Neil Giraldo

Award Winning Blended Bourbon Company Founded by Rock Hall Famer Neil Giraldo

Overview

Raised to Date: Raised: $138,951

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/24/2023

Close Date

03/01/2024

Min. Goal
$50,002
Max. Goal
$3,999,976
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$25.73

Pre-Money Valuation

$29,999,998

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/03/2023

Days Remaining

89

% of Min. Goal

278%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,474

Momentum
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Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

Clarence, New York

Business Type

Growth

Company Website

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: 10/24/2023
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Three Chord Bourbon on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $29,999,998
Price per Share: $25.73

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