Chareau

Chareau

Growth Stage

"Our New Cocktail Secret Weapon" - Food & Wine Magazine

"Our New Cocktail Secret Weapon" - Food & Wine Magazine

Overview

Raised to Date: Raised: $249,885

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/28/2020

Close Date

11/23/2020

Min. Goal
$9,997
Max. Goal
$250,000
Min. Investment

$243

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.75

Pre-Money Valuation

$12,002,796

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2020

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

$1,700

# of Investors

343

Momentum
Funded
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Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Camarillo, California

Business Type

Growth

Company Website

Chareau, with a pre-money valuation of $12 million, is raising funds on StartEngine. The company has crafted an all-natural liqueur made by combining aloe, cucumber, spearmint, lemon peel, and muskmelon. It is the first-of-its-kind liqueur for modern customers, made from the highest quality ingredients and without any artificial colors and flavors. Chareau was founded by Kurt Charron in 2019. The current round of crowdfunding has a minimum target of $9,996.75 and a maximum target of $249,999.75, and the funds will be used to grow the domestic market share. Chareau is currently operating at 65% margins and expects the margins to reach 70% by 2022. The company has generated $3.45 million in lifetime revenue, with $1 million in 2019 alone.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,071,265

$924,007

COGS

$480,374

$212,427

Tax

$27,895

$23,149

 

 

Net Income

$-803,255

$-829,767

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-34,240

$-70,670

Accounts Receivable

$58,232

$40,126

Total Assets

$422,257

$531,898

Short-Term Debt

$293,911

$90,201

Long-Term Debt

$981,370

$1,835,749

Total Liabilities

$1,275,281

$1,925,950
Financials as of: 06/28/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Chareau 11/22/2020 StartEngine $12,002,796 $249,885 Equity - Common Funded RegCF
Chareau 03/27/2019 Wefunder $6,510,000 $518,214 Equity - Common Funded RegCF
Chareau 04/30/2017 Wefunder $5,000,000 $390,782 Convertible Note 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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Chareau on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,002,796
Price per Share: $6.75

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