Timeless Spirits and Drinks
Early Stage
Premium beverage company
Overview
Raised: $0
Total Commitments ($USD)
Platform
Seed At The Table
Start Date
06/20/2023
Close Date
08/15/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$500
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/02/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$0
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Timeless Spirits and Drinks is raising funds on Seed At The Table. It is a beverage company that specializes in the production and distribution of spirits and drinks. The business is particularly known for its Timeless Vodka, made using fine ingredients, along with its Zeal Coconut Rum and Zeal Mango Rum. Timeless Spirits and Drinks is known for its product excellence, brand story and identity, and consumer-centric approach. Amber Ferrell-Steele founded Timeless Spirits and Drinks in June 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, manufacturing, purchase of real property, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$253,833 |
$157,355 |
|
COGS |
$31,745 |
$29,447 |
|
Tax |
$23,121 |
$19,432 |
| ||
| ||
|
Net Income |
$50,827 |
$53,799 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$150,000 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$125,000 |
$0 |
|
Total Liabilities |
$125,000 |
$0 |
Financials as of: 06/20/2023
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