Red Eye Louie’s

Neutral
BETA

#LIFEBLENDED

Analytics

Raised to Date: $108,639

Aggregate Commitments $
Platform

StartEngine

Start Date

10/01/2020

Close Date

04/08/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$15,000,000

Weekly Commitments $
Status

Active

Reporting Date

01/20/2021

Days Remaining

76

% of Min. Goal

1,086%

% of Max. Goal

10%

Likelihood of Max
Avg. Daily Raise

$979

# of Investors

184

Momentum
Location

Birmingham, Alabama

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Red Eye Louie’s, with a $15 million pre-money valuation, is raising crowdfunding on StartEngine. It is a spirit brand that makes unique blends by experimenting with mixtures of different spirits. The company has already created VODQUILA by thermally-blending vodka and tequila, RUMQUILA with rum and tequila, and WHISQUILA by blending rye whiskey with tequila. Chander Arora, Nina Arora, and Vikram Arora founded Red Eye Louie’s in 2011. The proceeds of the current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for developing and releasing new product offerings. Red Eye Louie’s has shipped over 100,000 cases of its premium spirits across the nation as well as to international markets.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$951,990

$986,575

COGS

$664,828

$671,311

Tax

$0

$0

 

 

Net Income

$44,671

$23,953

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$56,618

$113,155

Accounts Receivable

$84,530

$84,530

Total Assets

$712,286

$755,582

Short-Term Debt

$61,046

$112,456

Long-Term Debt

$466,407

$0

Total Liabilities

$527,453

$595,390

Ratings

last updated 01/21/2021

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