Red Eye Louie’s

Red Eye Louie’s

Early Stage

#LIFEBLENDED

#LIFEBLENDED

Overview

Raised to Date: Raised: $253,879

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/30/2020

Close Date

10/27/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$15,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$649

# of Investors

503

Momentum
Funded
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Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Birmingham, Alabama

Business Type

Growth

Red Eye Louie’s, with a $15 million pre-money valuation, is raising crowdfunding on StartEngine. It is a spirit brand that makes unique blends by experimenting with mixtures of different spirits. The company has already created VODQUILA by thermally-blending vodka and tequila, RUMQUILA with rum and tequila, and WHISQUILA by blending rye whiskey with tequila. Chander Arora, Nina Arora, and Vikram Arora founded Red Eye Louie’s in 2011. The proceeds of the current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for developing and releasing new product offerings. Red Eye Louie’s has shipped over 100,000 cases of its premium spirits across the nation as well as to international markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$951,990

$986,575

COGS

$664,828

$671,311

Tax

$0

$0

 

 

Net Income

$44,671

$23,953

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$56,618

$113,155

Accounts Receivable

$84,530

$84,530

Total Assets

$712,286

$755,582

Short-Term Debt

$61,046

$112,456

Long-Term Debt

$466,407

$482,934

Total Liabilities

$527,453

$595,390

Financials as of: 09/30/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Red Eye Louie’s 04/12/2023 StartEngine $15,255,758 $11,735 Equity - Common Funded RegCF
Red Eye Louie’s 10/26/2021 StartEngine $15,000,000 $253,879 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Red Eye Louie’s on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $1.00

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