Black Heath Meadery

Black Heath Meadery

Closed: Oct. 2023

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.

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Investment Overview

Invested this round: $13,000

Deal Terms

Total Commitments ($USD)

Platform
Round Here
Start Date
01/23/2023
Close Date
10/31/2023
Min. Goal
$10,000
Max Goal
$124,000
Min. Investment

$500

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

5.00X

Company & Team

Company

Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Midlothian, Virginia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Bill Cavender
Title
Brewmaster + CME (Chief Mead Evangelist)Brewmaster

Financials

as of Fiscal Year 2021
 Revenue +28% YoY
$266,334
 Monthly Burn
Profitable
 Cash on Hand
$99,085
Gross Margin
90%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$266,334

$206,972

COGS

$25,409

$44,723

Tax

$0

$0

 

 

Net Income

$7,760

$-113,667

Summary Balance Sheet

FY 2021 FY 2020

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

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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
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Black Heath Meadery on Round Here 2023
Platform: Round Here
Security Type: Revenue Share

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