Parlor Beverages

Creating the finest craft sodas with originality and authenticity for everyone

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Claim My Business
Form C
View on Republic
Security Type
Crowd SAFE
Min Investment
$150
Location
WILKES-BARRE, PA
Offering Date
September 01, 2022
Expected Close Date
May 13, 2023
Target Raise
$25.00K-$1.24M
No. Investors
173
Security Price
$1
Website
drinkparlor.com
Number of Employees
6
Cash
$43,203
Revenue
$272,633
Short Term Debt
$43,266
Cost of Goods
$101,746
Long Term Debt
$0
Net Income
$7,571

Company Description

We take extreme measures to evoke a specific memory when you drink our product. It rushes into your mouth and is embedded in your brain.

Perks

Reserve
$250
Receive
"A Piece of Patty" keychain and a bottle of our famous Parlor Root Beer.

Reserve
$500
Receive
"A Piece of Patty" keychain, hat, and a bottle of our famous Parlor Root Beer.

Reserve
$1,000
Receive
"A Piece of Patty" keychain, hat, a cozy big blanket, and a custom variety 12-pack of our famous Parlor Beverages.

Reserve
$5,000
Receive
"A Piece of Patty" keychain, hat, a cozy big blanket, cooler, folding chair, discount code for 20% off good for a year, and a custom variety 12-pack of our famous Parlor Beverages.

Reserve
$15,000
Receive
$15,000 and up gets you "A Piece of Patty" keychain, hat, a cozy big blanket, cooler, folding chair, discount code for 20% off good for a year, a custom variety 12-pack of our famous Parlor Beverages once per month for a year, and 2 General Admission passes to any festival in which Parlor Beverages has a presence at in 2023.

Key Deal Facts

Pioneering a lifestyle brand based around the nostalgia of root beer
Launched September 1, 2021 and have shipped to all 50 states
Adding 2–3 new distributors (400–600 stores) per quarter 2022
Influencer campaign to reach 20M followers already at 8.2M
Activations at biggest US festivals in 2022 totaling over 500,000 attendees
Launching Mental Health Awareness social and community impact fund
As far as highlights go, it's simply just the best f*cking root beer
Amount Raised : $142,338
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Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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