Big Spring Spirits

Big Spring Spirits

Growth Stage

Distillery

Distillery

Overview

Raised this Round: Raised: $7,640

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/27/2024

Close Date

08/11/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$360.00

Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Carnegie, Pennsylvania

Big Spring Spirits is raising funds on Honeycomb. The business is known for crafting fine spirits and blending retail and wholesale operations in Bellefonte, Pennsylvania. Big Spring Spirits’ tasting room offers craft cocktails, bottle sales, and food options while its wholesale operations expand beyond Pennsylvania. The wholesale business of Big Spring Spirits has reported a 47% growth annually over the past three years and plans to expand further. Kevin Lloyd founded Big Spring Spirits in October 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used towards working capital for raw materials and labor and the opening of a distillery at the South Shore.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,857,048

$3,955,864

COGS

$1,153,165

$1,269,610

Tax

$0

$0

 

 

Net Income

$-419,248

$-1,020,762

Summary Balance Sheet

FY 2023 FY 2022

Cash

$426,255

$422,414

Accounts Receivable

$32,853

$107,273

Total Assets

$11,208,903

$11,481,670

Short-Term Debt

$165,570

$277,729

Long-Term Debt

$801,836

$1,492,440

Total Liabilities

$967,406

$1,770,169

Financials as of: 06/27/2024
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Big Spring Spirits on Honeycomb 2024
Platform: Honeycomb
Security Type: Equity - Common
Price per Share: $360.00

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