Uncle Waithley’s Beverage Company
Early Stage
Innovative Ginger Beer with Authentic Caribbean Roots
Overview
Raised: $292,532
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/09/2023
Close Date
07/31/2023
Min. Goal
$9,994
Max. Goal
$1,069,999
Min. Investment
$251
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$7.37
Pre-Money Valuation
$8,005,323
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/05/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,711
# of Investors
119
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Uncle Waithley’s Beverage Company, with a valuation of $8.01 million, is raising funds on StartEngine. The company makes delicious and all-natural ginger beer with authentic Caribbean roots. The business uses fresh and natural ingredients and the bold flavor of Scotch Bonnet Pepper to create a unique beverage. Uncle Waithley’s Beverage Company has a growing customer base and sells through Whole Foods, Boisson, and 35 more retail establishments. Karl Williams founded Uncle Waithley’s Beverage Company in November 2022. The current crowdfunding campaign has a minimum target of $9,993.72 and a maximum target of $1.07 million. The campaign proceeds will be used for inventory, working capital, sales and account support team, in-store tastings and demos, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$38,824 |
$447 |
|
COGS |
$66,932 |
$19,379 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-92,636 |
$-31,809 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,614 |
$5 |
|
Accounts Receivable |
$3,191 |
$0 |
|
Total Assets |
$24,113 |
$3,049 |
|
Short-Term Debt |
$52,946 |
$13,025 |
|
Long-Term Debt |
$37,181 |
$0 |
|
Total Liabilities |
$90,127 |
$13,025 |
Financials as of: 02/09/2023
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