2 Row Brewing

2 Row Brewing

Early Stage

A highly respected and loved brewery in need of a new facility and tap room

A highly respected and loved brewery in need of a new facility and tap room

Overview

Raised to Date: Raised: $151,505

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/12/2023

Close Date

04/30/2023

Min. Goal
$50,006
Max. Goal
$1,234,998
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$39.59

Early Bird Valuation

$3,749,574

Pre-Money Valuation

$4,200,499

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,993

# of Investors

152

Momentum
Funded
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Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Midvale, Utah

Business Type

Growth

2 Row Brewing, with a valuation of $4.2 million, is raising funds on Wefunder. It is a high-quality brewery in Midvale, Utah that makes a wide variety of beers. The brewery has progressed from 20 gallons per batch in 2014 to 90 gallons per batch in 2016 to 250 gallons per batch in 2018. 2 Row Brewing has invested in QA/QC equipment to maintain the quality of its beers and has outsourced some lab work to White Labs. Brian Coleman and De De Coleman founded 2 Row Brewing in May 2014. The current crowdfunding campaign has a minimum target of $50,006 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, the buildout of a new brewery and taproom, and equipment purchases.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$611,610

$691,903

COGS

$229,188

$181,737

Tax

$0

$0

 

 

Net Income

$-135,782

$-45,538

Summary Balance Sheet

FY 2021 FY 2020

Cash

$109,031

$220,789

Accounts Receivable

$33,424

$21,636

Total Assets

$332,945

$514,728

Short-Term Debt

$36,947

$31,265

Long-Term Debt

$307,445

$399,030

Total Liabilities

$344,392

$430,295

Financials as of: 02/12/2023
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2 Row Brewing on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $4,200,499
Price per Share: $39.59

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