Black Heath Meadery

Meadery

Overview

Raised to Date: Raised: $1,000

Total Commitments ($USD)

Platform

Round Here

Start Date

01/23/2023

Close Date

07/13/2023

Min. Goal

$10,000

Max. Goal

$124,000

Min. Investment

$500

Security Type

Revenue Share

Funding Type

RegCF

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

162

% of Min. Goal

10%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$111

# of Investors

2

Momentum
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Location

Midlothian, Virginia

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Black Heath Meadery is raising funds on Round Here. It is an established meadery in Midlothian, Virginia, that makes meads, ciders, and grape wines. The business is looking to expand into a second retail space and tasting room at the main production facility. The new location, The Nucleus, will be convenient to the region and the suburbs and will also offer coffee, pastries, and light bar food. William Cavender founded Black Heath Meadery in May 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for preliminary architecture and design for the tasting room and retail space, production expansion, and legal and architectural expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$266,334

$206,972

COGS

$25,409

$44,723

Tax

$0

$0

 

 

Net Income

$7,760

$-113,667

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$99,085

$17,090

Accounts Receivable

$14,500

$0

Total Assets

$136,369

$9,389

Short-Term Debt

$6,940

$14,358

Long-Term Debt

$233,751

$108,785

Total Liabilities

$240,691

$123,143

Financials as of: 01/23/2023
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Black Heath Meadery on Round Here 2023
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Platform: Round Here
Security Type: Revenue Share

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