Island Brands

Take it Easy

Analytics

Raised to Date: $1,590,808

Aggregate Commitments $
Platform

StartEngine

Start Date

11/27/2020

Close Date

06/17/2021

Min. Goal

$9,996

Max. Goal

$3,230,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$65,727,003

Rolling Commitments $
Status

Active

Reporting Date

04/11/2021

Days Remaining

64

% of Min. Goal

15,914%

% of Max. Goal

49%

Likelihood of Max
unlikely
Avg. Daily Raise

$11,784

# of Investors

1,545

Momentum
hot
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Location

Charleston, South Carolina

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Island Brands, with a pre-money valuation of $65.7 million, is raising funds on StartEngine. The company makes premium-quality beer as a competition to the major corporate brands. The beer of Island Brands is all-clean and brewed using only water, yeast, barley, and hops. The two flagship products of Island Brands are Island Coastal Lager and Island Active. Scott Hansen and Brandon Perry founded Island Brands in March 2019. The current crowdfunding campaign has a minimum raise of $9,996.17 and a maximum raise of $1,069,993, and the funds will be used to expand global distribution and grow its community of fans. Island Brands is the number one fastest-growing lager brand family in the Southeast and went up 95% in dollar sales.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,213,060

$715,741

COGS

$1,369,751

$590,605

Tax

$0

$0

 

 

Net Income

$-1,183,818

$-239,558

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$159,855

$7,115

Accounts Receivable

$244,951

$69,352

Total Assets

$494,904

$364,979

Short-Term Debt

$254,514

$711,289

Long-Term Debt

$0

$25,000

Total Liabilities

$254,514

$736,289

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