Barrana Corp

Barrana Corp

Growth Stage

Our burgers sell our beer and our beer sells our burgers

Our burgers sell our beer and our beer sells our burgers

Overview

Raised to Date: Raised: $27,015

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/16/2020

Close Date

01/13/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$20,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$149

# of Investors

56

Momentum
Funded
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Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Surprise, Arizona

Business Type

Life Style

Barrana Corp, with a pre-money valuation of $20 million, is raising crowdfunding on StartEngine. The company operates restaurants and breweries under the name State 48 Brewery at various locations in Arizona. The locations are equipped with brewhouses, brewpubs, and kitchens, offering a wide variety of ales, craft beers, and food. Barrana Corp was founded by Mario Rana and Angela Rana in 2016. The current crowdfunding round of the company has a minimum target of $10,000 and a maximum target of $1,070,000. The proceeds will be used to capture more market share and continue to rise in state rankings. Barrana Corp generated revenue of $9 million in 2019, up 110% from 2018. The company has maxed out its brewing capacity in four locations and is looking to open the fifth location in 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$9,449,000

$4,582,000

COGS

$2,187,000

$1,127,000

Tax

$0

$0

 

 

Net Income

$-426,000

$-309,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$62,000

$39,000

Accounts Receivable

$0

$0

Total Assets

$1,837

$894,000

Short-Term Debt

$382,000

$247,000

Long-Term Debt

$2,377

$1,145,000

Total Liabilities

$384,377

$1,392,000

Financials as of: 07/16/2020
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Barrana Corp on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $5.00

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