Grady's Cold Brew
New Orleans–Style Cold Brew
Analytics
Raised to Date: $663,732
Aggregate Commitments $
StartEngine
12/06/2019
10/27/2020
$9,999
$1,069,999
$300
Equity - Common
RegCF
Series B
$12,800,000
Weekly Commitments $
Active
10/18/2020
8
6,638%
62%
$2,094
734
Alcohol, Tobacco, & Recreational Drugs
Non-Tech
B2B/B2C
High
High
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
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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
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