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Expected Close Date
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January 21, 2024
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Target Raise
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$25.00K-$55.00K
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No. Investors
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11
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $3,291
- Revenue
- $9,175
- Short Term Debt
- $31,436
- Cost of Goods
- $12,819
- Long Term Debt
- $67,260
- Net Income
- $-47,460
Company Description
Avid Vines is an importer of small allocation, high quality Champagnes and still wines principally from France and Europe. It is a platform that serves three stakeholders: consumers who desire certified sustainable and organic wines that leave them cleanly with no regrets; producers who appreciate the chilled containers exclusively used that protect these delicate wines at 57F over the most dangerous portion of the journey to a glass; and, the trade, especially those willing to assist with telling the wines' stories to patrons.
Key Deal Facts
Certified Sustainable and Organic Wines: Avid Vines specializes in importing small allocation, high-quality Champagnes and still wines, with a focus on certified sustainable and organic options. This commitment reflects a dedication to providing consumers with wines that align with their values and leave them with a sense of satisfaction., Innovative Response to Challenges: Avid Vines demonstrated resilience during the challenges of the pandemic by adapting and embracing virtual, online tastings. The company not only maintained key relationships but also established a direct-to-consumer capability, showcasing its ability to navigate disruptions and evolve with changing market dynamics., Social Responsibility and Community Engagement: Avid Vines goes beyond business success by actively contributing to social causes. The company donates 1% of its net income to The Giving Kitchen, supporting the food service industry. Additionally, there is a commitment to fostering entrepreneurship globally, as seen through contributions to unbanked owners and projects via KIVA.org. The involvement in organizations like the French American Chamber of Commerce and leadership roles in the Entrepreneurs’ Organization underline a broader commitment to community and international alliances.