Black Hammer Brewing

About this raise

Black Hammer Brewing, with a valuation of $11.2 million, is raising funds on StartEngine. It is an award-winning craft brewery in San Francisco, California that specializes in gluten-removed beers. Black Hammer Brewing uses a unique process to remove gluten from beers for happier tummies and also offers non-alcoholic drinks and hard seltzers. The business has two locations and wholesale operations and generated $2.4 million in revenue in 2023. James Andrew Furman and Kevin Albert Jackey founded Black Hammer Brewing in March 2024. The current crowdfunding campaign has a minimum target of $14,994.04 and a maximum target of $617,999.20. The campaign proceeds will be used for expansion, enhancement of brewing operations, improvement of existing facilities, expansion-related activities, and ongoing operational improvements.

Investment Overview

Invested this round: $160,666

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 03/26/2024
Close Date: 07/01/2024

Min. Goal
$14,999

Max Goal
$617,999

Min. Investment

$500

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$1.12

Pre-Money Valuation

$11,200,000

Company

Year Founded: 2024
Industry: Food, Beverage, & Restaurants
Tech Sector: Non-Tech
Distribution Model: B2B/B2C
Margin: High
Capital Intensity: High
Location: San Francisco, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 25
Prior Founder Exits?: No

Founder Name: Jim Furman
Title: CEO

Founder Name: Kevin Jackey
Title: Director

Financials

Revenue +20% YoY: $2,320,453
as of FY2023
Monthly Burn: $26,575
as of FY2023
Runway: 1.9 months
as of FY2023
Gross Margin: 72%
as of FY2023

View Detailed Financials

Summary Profit and Loss Statement

	FY 2023	FY 2022
Revenue	$2,735,457	$2,320,453
COGS	$755,056	$633,048
Tax	$0	$0


Net Income	$-318,898	$-10,869

Summary Balance Sheet

	FY 2023	FY 2022
Cash	$36,593	$145,458
Accounts Receivable	$25,083	$16,970
Total Assets	$265,960	$414,534
Short-Term Debt	$573,642	$373,145
Long-Term Debt	$620,847	$651,020
Total Liabilities	$1,194,489	$1,024,165

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Ratings

Company Funding & Growth

Total Prior Capital Raised: $400,000
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
07/01/2024	StartEngine	$11,200,000	$160,666	Equity - Common	Funded	RegCF

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View on StartEngine

Common Stock, $11.2M • Closed

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Deal Considerations

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Other Risks
- No other risks found

Black Hammer Brewing

Black Hammer Brewing

About this raise