LiveWire on Wefunder 2022 – KingsCrowd

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LiveWire on Wefunder 2022 – KingsCrowd


Valuation Cap

$16,000,000

Reporting Date

08/09/2022

Probability of Max

Momentum

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Location

Los Angeles, California

Business

Alcohol, Tobacco, & Leisure Medication

LiveWire, with a valuation of $16 million, is elevating funds on Wefunder. The corporate makes and sells ready-to-drink cocktails. The cocktails of LiveWire are made by award-winning bartenders who get a chance to monetize their press, and clients get to style their cocktails. The bartenders additionally work with artists to create their very own labels and use their creativity-driven strategy to garner a buyer base. LiveWire cocktails are promoting in Walt Disney World, Complete Meals, BevMo, and Whole Wines and have gross margins of 52%. Aaron Polsky based LiveWire in August 2019. The present crowdfunding marketing campaign has a minimal goal of $50,000 and a most goal of $1,070,000. The marketing campaign proceeds will likely be used for stock enlargement, advertising and marketing, occasion sponsorship, group enlargement, and influencer partnerships.

Abstract Revenue and Loss Assertion

Income

$295,347

$71,620

COGS

$241,083

$52,676

Tax

$0

$0

 

 

Internet Revenue

$-428,869

$-96,830

Abstract Stability Sheet

Money

$69,667

$466,869

Accounts Receivable

$5,453

$0

Whole Property

$189,644

$532,297

Quick-Time period Debt

$66,302

$6,287

Lengthy-Time period Debt

$585,000

$575,000

Whole Liabilities

$651,302

$581,287

Financials as of: 08/08/2022

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