Wanderlust Wine Co.

Wanderlust Wine Co.

Winery/ Meadery

Winery/ Meadery

Overview

Raised this Round: Raised: $19,550

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/25/2024

Close Date

07/25/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

3.0 years

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Austin, Texas

Business Type

Life Style

Wanderlust Wine Co. is raising funds on Honeycomb. It is a winery and tasting room in Austin, Texas, designed for both newcomers and connoisseurs. Wanderlust Wine Co. is dedicated to sustainability and follows eco-friendly practices, including eco-conscious packaging, sustainable wine kegs, and high-quality ingredients. The winery has received notable recognition, including the People’s Choice Keggy Award from Flow Free Wines in 2021 and the Best Winery from The Austin Chronicle in 2022 and 2023. Sammy Lam founded Wanderlust Wine Co. in June 2019. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for retail packaging production, brewery and distillery licensing, inventory, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,167,734

$2,238,558

COGS

$553,070

$722,785

Tax

$0

$0

 

 

Net Income

$-412,326

$67,745

Summary Balance Sheet

FY 2023 FY 2022

Cash

$58,823

$83,790

Accounts Receivable

$0

$0

Total Assets

$424,076

$303,430

Short-Term Debt

$193,893

$100,107

Long-Term Debt

$367,081

$172,872

Total Liabilities

$560,974

$272,979

Financials as of: 06/25/2024
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Wanderlust Wine Co. on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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