5th Element Brewing
Brewery
Overview
Raised: $21,200
Total Commitments ($USD)
Platform
MainVest
Start Date
05/04/2023
Close Date
07/07/2023
Min. Goal
$40,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
4.10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
27
% of Min. Goal
53%
% of Max. Goal
17%
Likelihood of Max
Avg. Daily Raise
$573
# of Investors
31
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
5th Element Brewing is raising funds on MainVest. It is a craft nano-brewery located in Leander, Texas. The brewery aims to house its production facilities and brewpub in a historic building in old town Leander to retain the old flavor of the town. 5th Element Brewing is focused on good beer, good people, and good life and plans to craft beers, including Red Horn, Humble Pint, Oasis, Whitestone, and Bluebonnet. Michael Brune and Kimberly DeStefano founded 5th Element Brewing in April 2017. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $124,000. The campaign proceeds will be used for setting up a beer garden and a food truck and operating capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/04/2023
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.