Inspired by Spirits
An apothecary and tasting lounge
Overview
Raised: $69,050
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/03/2021
Close Date
04/20/2021
Min. Goal
$30,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,469
# of Investors
79
Momentum
Funded
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Year Founded
2019
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Inspired by Spirits, an apothecary and tasting lounge in Pennsylvania, is raising funds on Honeycomb. The business has started with its Dr. Tumblety’s Time Inspired Speciality Shop in Phase 01. The shop sells oils & elixirs, hats & fragrances, vintage goods, spiritual charms, apothecary products, and tonics & trinkets. Jesse Made and Mike Miles founded Inspired by Spirits in April 2019. The current crowdfunding round has a minimum target of $30,000 and a maximum target of $150,000, and the funds will be used towards lounge furniture and buildout, distillery furniture and buildout, marketing, operations, and licenses. Inspired by Spirits plans to open The Storyville Lounge in the second phase and The Spirits Distillery in the third phase.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$32,364 |
$15,994 |
|
COGS |
$10,000 |
$4,614 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-14,238 |
$-23,065 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,785 |
$2,097 |
|
Accounts Receivable |
$1,500 |
$0 |
|
Total Assets |
$145,285 |
$33,683 |
|
Short-Term Debt |
$19,200 |
$33,438 |
|
Long-Term Debt |
$35,841 |
$0 |
|
Total Liabilities |
$55,041 |
$33,438 |
Financials as of: 03/03/2021
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