Artisanal & Hemstroughts

Artisanal & Hemstroughts

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $68,500

Deal Terms

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    Open SEC Filing

Price Per Share

$500.00

Pre-Money Valuation

$12,125,000

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
Yes
Founder Name
Terrance Brennan
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue +37% YoY
$896,262
 Monthly Burn
Profitable
 Cash on Hand
$63,988
Gross Margin
32%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$475,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/27/2023 MainVest $12,125,000 $68,500 Equity - Common Funded RegCF
06/17/2022 MainVest $12,000,000 $238,000 Equity - Common Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

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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Warning: according to the close date for this deal, Artisanal & Hemstroughts may no longer be accepting investments.

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