A Global Provider of Korean Alcoholic Beverages: Makku and Soku

Claim My Business
Security Type
Alcohol, Retail, Community & Lifestyle, Other, Food & Beverage
Min Investment
Bayside, NY
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

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 : $249,064
Reveal the Score by Voting
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

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.

Research Reports

No reports have been submitted

Become a Reporter