Backbeat Brewing Company

Brewery

Overview

Raised to Date: Raised: $72,300

Total Commitments ($USD)

Platform

MainVest

Start Date

09/29/2022

Close Date

12/31/2022

Min. Goal

$150,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

Funding 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

48%

% of Max. Goal

29%

Likelihood of Max
Funded
Avg. Daily Raise

$777

# of Investors

129

Momentum
Funded
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Location

Beverly, Massachusetts

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

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: 09/29/2022
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Backbeat Brewing Company on MainVest 2022
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Platform: MainVest
Security Type: Revenue Share

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