Grady's Cold Brew

Deal To Watch
BETA

New Orleans–Style Cold Brew

Analytics

Raised to Date: $911,175

Aggregate Commitments $
Platform

StartEngine

Start Date

12/06/2019

Close Date

03/25/2021

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$300

Security Type

Equity - Common

Funding Type

RegCF

Series

Series B

Pre-Money Valuation

$12,800,000

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

57

% of Min. Goal

9,113%

% of Max. Goal

85%

Likelihood of Max
Avg. Daily Raise

$2,196

# of Investors

1,038

Momentum
Location
Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Grady’s Cold Brew, the manufacturer of New Orleans-style cold brew, is raising funds on StartEngine. The company has a pre-money valuation of $12.8 million. Grady’s Cold Brew creates coffee-shop style cold brew and brings it to customers’ homes in an affordable, customizable, and convenient manner. Grady’s Cold Brew was founded by Grady Laird and Dave Sands in June 2011 and has grown substantially ever since. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used towards growth initiates and working capital. Grady’s Cold Brew has reported $21.5 million in lifetimes sales and has shown consistent growth in revenues year-over-year. The company sells both through wholesale and direct-to-consumer channels.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$3,896,701

$3,647,718

COGS

$2,226,329

$2,014,995

Tax

$0

$0

 

 

Net Income

$-957,618

$-558,039

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$132,574

$416,366

Accounts Receivable

$292,841

$318,153

Total Assets

$1,246,284

$1,806,961

Short-Term Debt

$825,929

$372,026

Long-Term Debt

$748,237

$0

Total Liabilities

$1,574,166

$1,178,224

Ratings

last updated 01/26/2021

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Analyst Report

Deal To Watch
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.
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