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Security Type
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CAFES
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Categories
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Alcohol, Retail, Community & Lifestyle, Other, Food & Beverage
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$616.00K
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No. Investors
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121
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $225,656
- Revenue
- $1,388,776
- Short Term Debt
- $93,250
- Cost of Goods
- $883,367
- Long Term Debt
- $11,839
- Net Income
- $-995,937
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
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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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
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The value of the company compared to similar companies raising money from investors.
Valuation
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.