Chareau

Neutral
BETA

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

Analytics

Raised to Date: $249,885

Aggregate Commitments $
Platform

StartEngine

Start Date

06/29/2020

Close Date

11/23/2020

Min. Goal

$9,997

Max. Goal

$250,000

Min. Investment

$243

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$12,002,796

Weekly Commitments $
Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal

2,500%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$1,700

# of Investors

343

Momentum
Funded
Location

Camarillo, CA

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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

$0

Total Liabilities

$1,275,281

$1,925,950

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
11/23/2020 StartEngine $12,002,796 $249,885 Equity - Common Confirmed Closed RegCF
03/28/2019 Wefunder $6,510,000 $518,214 Equity - Common Confirmed Closed RegCF

Ratings

last updated 11/24/2020

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

Kiwibot on Wefunder

Kiwibot has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals selected into…

Crowd
Neighborhood Sun on Wefunder

The Neighborhood Sun team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…

Crowd
goDeskless on MicroVentures

The goDeskless team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Chareau on StartEngine
Follow company
Follow Chareau on StartEngine