Wandering Barman

Wandering Barman

Early Stage

Handcrafted cocktails in a bottle, made in Brooklyn

Handcrafted cocktails in a bottle, made in Brooklyn

Overview

Raised to Date: Raised: $169,281

Total Commitments ($USD)

Platform

Republic

Start Date

11/04/2019

Close Date

04/03/2020

Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,129

# of Investors

531

Momentum
Funded
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Year Founded

2016

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Ridgewood, New York

Business Type

Life Style

Wandering Barman, the provider of bottled cocktails, is raising funds on Republic. The company has a valuation cap of $5 million and specializes in creating top-quality, delicious, and interesting cocktails to modern customers. Wandering Barman combines its own mixing syrups and infusions with high-quality spirits to form the cocktails and bottles them to make them convenient to buy, sell, and consume. Wandering Barman was founded by Roxane Mollicchi, Darren Grenia, and Julian Mohamed in October 2016 and raised $50,000 in a SAFE offering in 2018. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $500,000, and the proceeds will be used to expand nationally and move into a bigger space to sustain the growth in volume. Wandering Barman is already available at over 123 locations and has a reorder rate of 82%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$75,515

$4,880

COGS

$34,487

$8,168

Tax

$0

$0

 

 

Net Income

$3,875

$-59,854

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$30,401

$17,505

Accounts Receivable

$17,612

$1,080

Total Assets

$71,342

$21,903

Short-Term Debt

$1,304

$0

Long-Term Debt

$21,310

$0

Total Liabilities

$22,614

$0

Financials as of: 11/04/2019
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Wandering Barman on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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