Obvious Wines

Sustainable, Vegan, Estate-Grown Wine

Analytics

Raised to Date: $203,475

Aggregate Commitments $
Platform

StartEngine

Start Date

03/17/2021

Close Date

09/14/2022

Min. Goal

$9,998

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$10,999,153

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

458

% of Min. Goal

2,035%

% of Max. Goal

19%

Likelihood of Max
likely
Avg. Daily Raise

$2,312

# of Investors

128

Momentum
cold
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Location

Venice, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Obvious Wines, with a pre-money valuation of $11 million, is raising crowdfunding on StartEngine. The company aims to make boutique wines accessible to everyone through its simple, vegan, and sustainable wines. The wines of Obvious Wines come with clear and straight-forward messaging, including taste profile, food pairings, winery information, and tasting notes. Brice Baillie founded Obvious Wines in 2017. The current crowdfunding round has a minimum raise of $9,998.44 and a maximum raise of $1,069,999.60, and the funds will be used to build a nationwide sales program. Obvious Wines generated $1.3 million in revenues in 2020, up 34% from 2019. The business has a strong local presence in key markets and has been featured on Shark Tank.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,384,221

$1,051,897

COGS

$758,696

$555,911

Tax

$0

$0

 

 

Net Income

$-1,361

$-124,055

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$201,280

$166,313

Accounts Receivable

$237,494

$102,443

Total Assets

$791,532

$389,826

Short-Term Debt

$394,908

$91,841

Long-Term Debt

$100,000

$0

Total Liabilities

$494,908

$91,841

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