Pit Liquor

Neutral
BETA

Natural, toxin-free whiskey deodorant. Quench Your Stench. Liquid Courage.

Analytics

Raised to Date: $276,960

Aggregate Commitments $
Platform

Wefunder

Start Date

12/28/2020

Close Date

03/18/2021

Min. Goal

$75,000

Max. Goal

$750,000

Min. Investment

$200

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,800,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

01/20/2021

Days Remaining

55

% of Min. Goal

369%

% of Max. Goal

37%

Likelihood of Max
Avg. Daily Raise

$12,042

# of Investors

310

Momentum
Location

Fort Collins, Colorado

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Pit Liquor, with a valuation cap of $5.8 million, is raising funds on Wefunder. The company makes deodorant from whiskey and vodka. The natural deodorants of Pit Liquor do not cause rashes, reactions, or pain, and help to fight the stink with their revolutionary formulas. Erica L Feucht and Jason Feucht founded Pit Liquor and have raised over $720,000 since the inception. The current crowdfunding round has a minimum goal of $75,000 and a maximum goal of $750,000, and the funds will be used for the purchase of inventory, manufacturing equipment, patents, marketing, and new employees. Pit Liquor has partnered with wholesalers, including Nordstrom, Faire, and more, and reported a three-times year-over-year revenue growth since 2017.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$287,521

$84,654

COGS

$136,147

$50,817

Tax

$0

$0

 

 

Net Income

$-110,202

$-50,712

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$5,074

$14,726

Accounts Receivable

$0

$0

Total Assets

$12,896

$16,044

Short-Term Debt

$66,589

$20,915

Long-Term Debt

$163,709

$0

Total Liabilities

$230,298

$61,327

Ratings

last updated 01/21/2021

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