Sool

Sool

A Global Provider of Korean Alcoholic Beverages: Makku and Soku

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Security Type
CAFES
Categories
B2C, Minority Founder, Female Founder, Alcohol & Vice, Distillery & Vineyards
Min Investment
$100
Location
Bayside, NY
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$124.00K
No. Investors
157
Security Price
$1
Website
drinksool.com
Number of Employees
5
Cash
$74,513
Revenue
$1,312,736
Short Term Debt
$49,931
Cost of Goods
$927,216
Long Term Debt
$0
Net Income
$954,529

Key Deal Facts

Sold over $3M to date despite launching with our first distributors at the onset of COVID-19
3924% revenue growth from 2019-2021 with just 2 full time employees
US distribution in 1,400 accounts across 22 States before any national retail chain placements
With national retail chain expansions and international exports, Sool is on a path to $31M by 2025*
Experienced founder and team of alcohol industry professionals from AB InBev, Pabst, Moët Hennessy
Approaching pre-COVID margins of 40%
Secured distribution in the US, Korea, Australia and Canada, opening up export opportunities
* Projections not guaranteed

Management Team / Advisory Board Bios

Carol Pak CEOPreviously with ZX Ventures (ABI) and led the commercialization of a new alcoholic beverage brand in China., Rosemary Bang Director of OperationsPreviously at Deloitte, John Dealy Director of Sales, Northeast Previously at Pabst, Vermont Cider Company, Heidi Chen Marketing DirectorPreviously at LVMH, Elizabeth Yik Creative LeadPreviously at Dive Studios, Isaac Kim Data AnalyticsPreviously at Citibank, Helen Au HelenVegan Author and Content Creator
Amount Raised : $35,600
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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