X Wine Railroad

Neutral
BETA

Offering train excursions to popular wine regions in California

Analytics

Raised to Date: $5,200

Aggregate Commitments $
Platform

Wefunder

Start Date

01/27/2021

Close Date

03/25/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$4,000,000

Discount Rate

25%

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

28

% of Min. Goal

10%

% of Max. Goal

2%

Likelihood of Max
Avg. Daily Raise

$186

Momentum
Location

Henderson, Nevada

Industry

Travel and Hospitality

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

X Wine Railroad, with a $4 million valuation cap, is raising crowdfunding on Wefunder. The company offers train excursions to popular wine regions between Los Angeles and Santa Barbara in California. The business is all female-owned and operated. Dianne David founded X Wine Railroad in 2017. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $250,000, and the proceeds will be used for purchasing seats from Amtrak, salaries, marketing, and reserves for the full season of runs in 2021. X Wine Railroad generated $1.1 million in revenue and $624,000 in profits in its first year of operations in 2018. The services are expected to reopen in 2021 after service suspension due to COVID-19.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$1,040,494

COGS

$0

$76,730

Tax

$0

$0

 

 

Net Income

$-102,458

$624,054

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$0

$11,599

Accounts Receivable

$349,573

$460,308

Total Assets

$849,573

$987,845

Short-Term Debt

$16,695

$51,522

Long-Term Debt

$0

$0

Total Liabilities

$16,695

$51,522

Ratings

last updated 02/25/2021

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Analyst Report

Neutral
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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