Backbeat Brewing Company

Backbeat Brewing Company

Brewery

Brewery

Overview

Raised this Round: Raised: $72,300

Total Commitments ($USD)

Platform

MainVest

Start Date

09/28/2022

Close Date

12/31/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

3.35%

Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Beverly, Massachusetts

Business Type

Life Style

Backbeat Brewing Company is raising funds on MainVest. It is a brewery and cafe located in Beverly, MA, that provides an eclectic mix of rotating brews, coffees, teas, and collabs. The space also serves as a venue for local live music with fantastic local musicians. Backbeat Brewing Company has become the center of the North Shore craft brewery scene and the community gathering space for the Beverly community. Peter Harkins founded Backbeat Brewing Company in April 2018. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $250,000. The campaign proceeds will be used for brewery expansion, coffee roasting expansion, and a canning line.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$396,556

$0

COGS

$144,613

$0

Tax

$0

$0

 

 

Net Income

$-2,214

$-10,855

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,954

$12,439

Accounts Receivable

$0

$0

Total Assets

$595,666

$587,358

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/28/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Backbeat Brewing Company on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

Follow company

Follow Backbeat Brewing Company on MainVest 2022

Buy Backbeat Brewing Company's Deal Report

Warning: according to the close date for this deal, Backbeat Brewing Company may no longer be accepting investments.

Backbeat Brewing Company Deal Report

Get KingsCrowd’s comprehensive report on Backbeat Brewing Company including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Backbeat Brewing Company is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Backbeat Brewing Company deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge