Wanderlust Wine Co.

Wanderlust Wine Co.

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $19,750

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
06/26/2024
Close Date
08/08/2024
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Sammy Lam
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue -3.2% YoY
$2,167,734
 Monthly Burn
$34,361
 Cash on Hand
$58,823
Gross Margin
74%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/08/2024 Honeycomb - $19,750 Debt Not Funded RegCF
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Wanderlust Wine Co. on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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