Barrana Corp
Growth Stage
Our burgers sell our beer and our beer sells our burgers
Overview
Raised: $27,015
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/16/2020
Close Date
01/14/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
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
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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