Backbeat Brewing Company
Brewery
Overview
Raised: $72,300
Total Commitments ($USD)
Platform
MainVest
Start Date
09/29/2022
Close Date
12/31/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
3.35%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$777
# of Investors
129
Momentum
Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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: 09/29/2022
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