Artisanal & Hemstroughts

Artisanal & Hemstroughts

Early Stage

Bakery & Cheese Aging

Bakery & Cheese Aging

Overview

Raised to Date: Raised: $68,500

Total Commitments ($USD)

Platform

MainVest

Start Date

08/24/2023

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    Open SEC Filing

Price Per Share

$500.00

Pre-Money Valuation

$12,125,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

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

$1,087

# of Investors

56

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Utica, New York

Business Type

Life Style

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: 08/24/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Artisanal & Hemstroughts 10/26/2023 MainVest $12,125,000 $68,500 Equity - Common Funded RegCF
Artisanal & Hemstroughts 06/16/2022 MainVest $12,000,000 $238,000 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Artisanal & Hemstroughts on MainVest 2023
Platform: MainVest
Security Type: Equity - Common
Valuation: $12,125,000
Price per Share: $500.00

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