Overview
Raised: $31,000
Total Commitments ($USD)
Platform
MainVest
Start Date
08/25/2023
Close Date
10/27/2023
Min. Goal
$30,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$500.00
Pre-Money Valuation
$12,125,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
27
% of Min. Goal
103%
% of Max. Goal
25%
Likelihood of Max
Avg. Daily Raise
$861
# of Investors
24
Momentum
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Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Artisanal & Hemstroughts is raising funds on MainVest. It is a bakery and cheese aging company in Utica, NY, with five cheese-aging caves in New York City. Artisanal & Hemstroughts’ premium cheese business has earned a national reputation for its finest cheeses, and the bakery business will soon be revamped with a Cookie & Milk Bar. Artisanal & Hemstroughts has a national customer base online already and plans to expand further. Daniel Dowe and Terrance Brennan founded Artisanal & Hemstroughts in April 2015. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $124,000. The campaign proceeds will be used for the buildout of the retail location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$896,262 |
$655,447 |
|
COGS |
$605,057 |
$438,355 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$64,065 |
$-13,697 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$63,988 |
$230,705 |
|
Accounts Receivable |
$3,580 |
$48,855 |
|
Total Assets |
$162,266 |
$602,715 |
|
Short-Term Debt |
$2,832 |
$50,000 |
|
Long-Term Debt |
$0 |
$186,368 |
|
Total Liabilities |
$2,832 |
$236,368 |
Financials as of: 08/25/2023
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