Black Heath Meadery
About this raise
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.
Investment Overview
Invested $13,000 :
Deal Terms
Company & Team
Company
- Year Founded
- 2014
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +28% YoY
- $266,334
- Monthly Burn
- Profitable
- Cash on Hand
- $99,085
- Gross Margin
- 90%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
10/31/2023 | Round Here | - | $13,000 | Revenue Share | Funded | RegCF |