Backbeat Brewing Company

Backbeat Brewing Company

Closed: Dec. 2022

About this raise

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.

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Investment Overview

Invested this round: $72,300

Deal Terms

Total Commitments

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    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

3.35%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Pete Harkins
Title
Owner

Financials

 Revenue
$396,556
 Monthly Burn
$185
 Runway
24+ months
 Gross Margin
64%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2022 MainVest - $72,300 Revenue Share Funded RegCF
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Add to portfolio
Backbeat Brewing Company on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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

Backbeat Brewing Company Deal Report

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