American Draft

American Draft

Beer Hall

Beer Hall

Overview

Raised to Date: Raised: $21,385

Platform

GrowthFountain

Start Date

09/25/2017

Close Date

01/24/2018

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Chattanooga, Tennessee

American Draft is raising funds on GrowthFountain. It is a cutting-edge beer hall in Chattanooga, Tennessee. American Draft operates in a small space with high efficiency and works on a revolutionary draft beer system to reduce beer wastage. The guests load an RFID card with funds and place it under a screen to get as much beer poured as they want and get charged only for the quantity of beer consumed. Dakin Cranwell, Jr. founded American Draft in September 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $107,000. The campaign proceeds will be used for salaries and wages, initial beer orders, leasehold improvements, furniture and fixtures, marketing, and legal and accounting fees.

Summary Profit and Loss Statement

FY 2017 FY 2016

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2017 FY 2016

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$33,344

$0

Short-Term Debt

$0

$0

Long-Term Debt

$50,000

$0

Total Liabilities

$50,000

$0

Financials as of: 09/25/2017
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American Draft on GrowthFountain 2017
Platform: GrowthFountain
Security Type: Revenue Share

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