Biggerstaff Brewing
Brewery
Overview
Raised: $73,393
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/22/2023
Close Date
07/29/2023
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,095
# of Investors
73
Momentum
Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Biggerstaff Brewing is raising funds on Honeycomb. It is a brewpub in Atlanta, Georgia, that brews its unique and unconventional beers onsite. The business also serves food featuring New American cuisine and made using locally-sourced ingredients. Biggerstaff Brewing also has a coffee shop that brews Intelligentsia coffee and sells pastries, bagels, and cookies. Sarah Davies, Clay Davies, and Cole Davies founded Biggerstaff Brewing in April 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for improvements to the patio, merchandise, working capital, and purchasing a flat-top stove and fridge combo, an extra fryer, and a canning line.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,409,483 |
$603,454 |
|
COGS |
$466,801 |
$103,342 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-416,730 |
$-162,984 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$59,093 |
$112,070 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,814,903 |
$1,964,748 |
|
Short-Term Debt |
$251,733 |
$27,383 |
|
Long-Term Debt |
$1,245,337 |
$1,224,397 |
|
Total Liabilities |
$1,497,070 |
$1,251,780 |
Financials as of: 05/22/2023
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