2XL Swagger Brands
Early Stage
Aphrodisiac Spirits
Overview
Raised: $42,176
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/04/2020
Close Date
12/04/2020
Min. Goal
$9,999
Max. Goal
$1,069,874
Min. Investment
$196
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.44
Pre-Money Valuation
$12,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$232
# of Investors
76
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
High
Capital Intensity
High
2XL Swagger Brands, with a $12 million pre-money valuation, is raising funds on StartEngine. The company makes herbal liqueurs with aphrodisiac properties. The spirits of 2XL Swagger Brands are gender-specific, with differentiated branding. The flagship products of the brand are PinkKitty for women and EasyRhino for men. 2XL Swagger Brands was founded by Robert Tushinsky and has been introduced in many states. The proceeds of the current crowdfunding campaign, with a minimum target of $9,998.72 and a maximum target of $1,069,999.04, will be used to expand aggressively and become one of the top brands in the high-end alcoholic beverage market. 2XL Swagger Brands has a resale rate of 85% and has been rated 89/90 by the Tasting Panel Magazine.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$325,734 |
$36,300 |
|
COGS |
$60,229 |
$57,296 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-187,284 |
$-835,092 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$468,793 |
$7,950 |
|
Accounts Receivable |
$123,152 |
$0 |
|
Total Assets |
$1,940,555 |
$546,255 |
|
Short-Term Debt |
$347,821 |
$226,220 |
|
Long-Term Debt |
$960,000 |
$450,000 |
|
Total Liabilities |
$1,307,821 |
$676,220 |
Financials as of: 06/04/2020
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