Woods Acre Wines
Fruit Wines
Overview
Raised: $0
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/15/2023
Close Date
10/16/2023
Min. Goal
$25,000
Max. Goal
$27,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
13.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
16
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Cana, Virginia
Woods Acre Wines is raising funds on Honeycomb. The business is based in Cana, Virginia, and is known for its delicious and high-quality fruit wines. Woods Acre Wines makes wines using locally produced fruits, including blackberries and raspberries, and does not use any syrups or fusions. Woods Acre Wines is appreciated by various wine enthusiasts for its unique flavors and natural ingredients and is proud of selling its wines faster than it can produce. Jason Woods founded Woods Acre Wines in May 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $27,000. The campaign proceeds will be used for land expansion, equipment, and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$19,150 |
$8,590 |
|
COGS |
$4,559 |
$4,258 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$3,822 |
$1,680 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$12,610 |
$8,707 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,610 |
$8,707 |
|
Short-Term Debt |
$30 |
$658 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$30 |
$658 |
Financials as of: 09/15/2023
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