Uncle Waithley’s Beverage Company

Uncle Waithley’s Beverage Company

Early Stage

Innovative Ginger Beer with Authentic Caribbean Roots

Innovative Ginger Beer with Authentic Caribbean Roots

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$7.37

Pre-Money Valuation

$8,005,323

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

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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Uncle Waithley’s Beverage Company on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,005,323
Price per Share: $7.37

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