Volley Tequila Seltzer

Volley Tequila Seltzer

Early Stage

The clean tequila seltzer

The clean tequila seltzer

Overview

Raised this Round: Raised: $135,155

Total Commitments ($USD)

Platform

Republic

Start Date

02/27/2023

Close Date

04/28/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Charleston, South Carolina

Business Type

Growth

Volley Tequila Seltzer, with a valuation of $15 million, is raising funds on Republic. The company makes clean tequila seltzer using only three real ingredients. The seltzer of Volley Tequila Seltzer comes in a variety of flavors and is sugar-free and gluten-free. The business sells its products through Liquor Barn, Luke’s Liquor, Costco, Whole Foods, and Total Wine & More and is growing its chain presence. Christopher Wirth and Camila Soriano founded Volley Tequila Seltzer in June 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, HR, production, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$875,235

$427,012

COGS

$567,391

$318,377

Tax

$0

$0

 

 

Net Income

$-3,327,990

$-1,213,558

Summary Balance Sheet

FY 2021 FY 2020

Cash

$2,307,214

$1,794,482

Accounts Receivable

$37,661

$62,297

Total Assets

$4,258,428

$2,545,407

Short-Term Debt

$348,299

$247,472

Long-Term Debt

$0

$3,120,406

Total Liabilities

$348,299

$3,367,878

Financials as of: 02/27/2023
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Volley Tequila Seltzer on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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