Bircus Brewing Co. (2024)

Bircus Brewing Co. (2024)

About this raise

Bircus Brewing Co. is raising funds on MainVest. It is a one-of-a-kind destination brewery where the world of circus and love of craft beer and great food live together. Bircus Brewing Co. is housed within the Ludlow Theatre and has a built-in entertainment schedule of circus, pro wrestling, stand-up comedy, and live music. The business has won several awards and has a number of strategic partnerships. Paul H Miller founded Bircus in March 2012. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $124,000. The campaign proceeds will be used for canning operations, raw materials, working capital, marketing, merchandise, legal and accounting fees, landscape expansion site, and permit and waterline at Big Blue.

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Investment Overview

Committed [Withdrawn]: $0

Deal Terms

Total Commitments

Platform
MainVest
Start Date
04/18/2024
Close Date
05/17/2024
Min. Goal
$40,000
Max Goal
$124,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$500.00

Pre-Money Valuation

$15,000,000

Company & Team

Company

Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Ludlow, Kentucky
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Paul Miller
Title
Chief Goof-Officer

Funding data not publicly available

Financials

 Revenue -10.7% YoY
$760,428
as of FY2022
 Monthly Burn
$35,859
as of FY2022
 Runway
2.4 months
as of FY2022
 Gross Margin
76%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$851,697

$653,083

COGS

$206,015

$167,671

Tax

$56,934

$72,820

 

 

Net Income

$-430,305

$-264,464

Summary Balance Sheet

FY 2022 FY 2021

Cash

$85,462

$37,592

Accounts Receivable

$0

$0

Total Assets

$599,168

$632,028

Short-Term Debt

$25,000

$25,000

Long-Term Debt

$500,210

$500,201

Total Liabilities

$525,210

$525,201

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$250,175
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Bircus Brewing Co. 05/17/2024 MainVest $15,000,000 $0 Equity - Common Withdrawn RegCF
Bircus 03/22/2024 MainVest $15,000,000 $0 Equity - Common Withdrawn RegCF
Bircus 03/31/2022 WunderFund $15,000,000 $166,925 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Bircus Brewing Co. on MainVest 2024
Platform: MainVest
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $500.00

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Warning: according to the close date for this deal, Bircus Brewing Co. may no longer be accepting investments.

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