Fuego Fino

Neutral
BETA

Woman-led, eco-friendly wine and spirits company

Analytics

Raised to Date: $256,418

Aggregate Commitments $
Platform

Wefunder

Start Date

05/22/2020

Close Date

09/16/2020

Min. Goal

$50,005

Max. Goal

$249,995

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$1,490,000

Weekly Commitments $
Status
Funded
Reporting Date

09/27/2020

Days Remaining
Funded
% of Min. Goal

513%

% of Max. Goal

103%

Likelihood of Max
Funded
Avg. Daily Raise

$2,192

# of Investors

135

Momentum
Funded
Location

Hallandale Beach, FL

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Fuego Fino, with a pre-money valuation of $1.7 million, is raising funds on Wefunder. It is an eco-friendly wine and spirits company that bottles and distributes high-quality wines and spirits. The products are bottled close to where they are consumed to reduce costs and maintain quality. The company imports the highest quality spirits and distributes them to liquor stores and consumers. Fuego Fino was founded by Jessica Contreras in 2017 and has raised over $150,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $50,005 and a maximum goal of $249,995, will be used to invest in product and supply chain and manage the operating and general and administrative expenses. Fuego Fino is into the business of a recession-proof product and already has its products in over 50 locations.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,056

$7,226

COGS

$21

$10,164

Tax

$0

$0

 

 

Net Income

$-2,179

$-42,823

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$15

$1,467

Accounts Receivable

$0

$0

Total Assets

$8,637

$10,090

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 09/29/2020

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