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MIBE

MIAMI BREEZE CAR CARE INC

MIBE Services-Automotive Repair, Services & Parking EDGAR ↗
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Key statistics

from XBRL data in SEC filings
Market cap ⓘ
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Revenue (TTM) ⓘ
$665K
Net income (TTM) ⓘ
-$1.10M
EPS (TTM) ⓘ
$-0.05
P/E ratio ⓘ
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Dividend yield ⓘ
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Free cash flow ⓘ
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Cash ⓘ
$3.74K
Total assets ⓘ
$2.43M
Gross margin ⓘ
27.0%
52-week range ⓘ
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AI briefing

from the latest 10-K, 10-Q and 8-K events

Miami Breeze Car Care Inc. is a Florida-based developer of new-car-scent automotive care products that, after a February 2025 acquisition, also operates a gin bar in Munich, Germany through Gin City Group.

What they do

Miami Breeze develops and distributes automotive care products, including a car cleaning spray and leather conditioner formulated to simulate a new car smell, working with third-party chemical engineers, mixers and perfumers. On February 28, 2025 it acquired 100% of Gin City Group, Inc. and its wholly owned German subsidiary Gincity GmbH, which operates a gin-focused bar in Munich that also serves other alcoholic drinks and food. The company now reports two segments: automotive care products, and the adult beverage establishment and Gin City branded liquor products.

Revenue drivers

  • Automotive care products — The original business: a cleaning spray and leather conditioner marketed to deliver a lasting new-car scent for luxury car interiors. Historical annual revenue was small, at $16,850 in 2023 and $7,580 in 2024.
  • Gin City bar operations (Gincity GmbH) — Gincity GmbH operates a bar in Munich, Germany specializing in gin-based drinks, plus other alcoholic drinks and food. Acquired February 28, 2025, this segment appears to account for the bulk of the sharp quarterly revenue increase reported in 2025.
  • Gin City branded liquor products — The company's second reportable segment also covers sale of Gin City branded liquor products, with a stated premium portfolio including Gin City Original London Dry Gin, Gin City Zero (alcohol-free), Gin City Gin-Tonic ready-to-drink cans, and Gin City Tonic. No separate revenue figures for these products are disclosed in the excerpts.

Recent performance

Reported quarterly revenue rose from $1,683 in the quarter ended December 31, 2024 to $79,270 in March 2025, $243,620 in June 2025, and $340,017 in September 2025, a pattern consistent with the February 2025 Gin City acquisition. Full-year revenue was $12,439 in 2022, $16,850 in 2023 and $7,580 in 2024, while net losses narrowed from approximately $1.6M in 2022 to $850,912 in 2023 and $428,064 in 2024. For the nine months ended September 30, 2025, the company reported a net loss of $1,004,808 versus $334,979 in the same 2024 period, with net cash used in operations of $1,560,879 versus $174,141. As of September 30, 2025, total assets were $2.4M, total liabilities $1.0M and shareholder equity $1.4M; cash and equivalents were $3,743 at December 31, 2024.

Strategy

The company's stated direction centers on Gin City: brand development and international expansion following its flagship Munich location, with plans for new venues in Miami, Ibiza, Dubai and London. It also says Gin City is preparing to introduce a licensing model to grow international presence and to expand its premium product portfolio. On January 30, 2025 the company formed Gin City Management GmbH in Munich for the development, production, distribution and marketing of alcoholic and non-alcoholic beverages and for acquiring and operating catering businesses. Management states it intends to pursue equity or debt financings, and that cash resources as of September 30, 2025 will not be sufficient to execute the business plan.

Risks

  • Going concern — The auditors issued a going concern opinion, and management states cash resources as of September 30, 2025 will not be sufficient to execute the business plan without additional financing.
  • No history of profitable operations — The company was incorporated in 2021, has no history of profitable operations, and reported net losses of $428,064 in 2024 and $1,004,808 for the nine months ended September 30, 2025.
  • Reliance on third parties — The 10-K risk factors cite reliance on third-party distributors and manufacturers and on third-party suppliers for materials and components.
  • Related-party control and acquisition — Harald Gietmann acquired 100% of the Series A Preferred Stock for $40,000 in the October 29, 2024 change in control, giving holders of that class 65% of all shareholder votes, and the Gin City acquisition was completed with him as a holder of Gin City's Series A Super Voting Preferred Stock.

Outlook

Management says the company's cash resources as of September 30, 2025 will not be sufficient to execute its business plan, and that without sufficient cash from financing activities and sales it cannot fund projected operations for the next 12 months. In that event it says it would cut planned marketing and advertising campaigns, hurting business, results of operations and financial condition. It intends to pursue equity or debt financings but gives no assurance those will occur or that terms will not be dilutive. The stated growth plan is Gin City venue launches in Miami, Ibiza, Dubai and London plus a licensing model, with no timeline or committed funding disclosed in the excerpts.