Ranch Rider Spirits Co.

One of the top tequila cocktails in the US & the original Ranch Water 🤠

Security Type: Convertible Note
Categories: Retail, Food & Bev
Min Investment: $250
Location: Austin, TX
Expected Close Date: April 30, 2023
Target Raise: $100.00K-$1.24M
No. Investors: 275
Security Price: $1
Website: ranchriderspirits.com

Number of Employees: 13
Cash: $4,950,087
Revenue: $5,137,983
Short Term Debt: $9,147,315
Cost of Goods: $6,187,493
Long Term Debt: $451,964
Net Income: $-10,375,880

Key Deal Facts

Started fast in Texas: outsold High Noon & Cutwater. Currently the #2 canned cocktail in all TX
Generated $14m in revenue since launching our brand in January 2020
Grew to become the #18 brand in US in a large and high growth $2B canned cocktail market
We canned the original Ranch Water and sell more than all other Ranch Waters combined
#2 canned cocktail in Whole Foods nationally. Clean ingredients resonate!
Backed by Heaven Hill Brands, owners of Elijah Craig, Deep Eddy Vodka, Evan Williams and more
Investor ambassadors include Defined Dish, Matt Pittman, Dylan Barbour, Scott Eastwood, JJ Redick
Founded in a food truck on an investment from Texas professors: investors made 30%+ return

Management Team / Advisory Board Bios

Brian Murphy Co-founder 2x Founder. Texas MBA & Amherst College Alum. Former TaylorMade Golf & adidas Marketing, UPROXX/Barstool Sports Partnerships., Quentin Cantu Co-founder 3x Founder. Texas MBA. Former political advisor & Whole Foods consultant, Matt Molinari COOMBA & CPA. 15 years CPG & hospitality experience (finance and operations), Allison Wetsel Board AdvisorFormer President of Wholesale at the The Francis Coppola Companies with over 25 years or experience in Wine & Spirits Wholesale Operations.

Amount Raised : $402,010

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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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