Black Heath Meadery
Meadery
Overview
Raised: $13,000
Total Commitments ($USD)
Platform
Round Here
Start Date
01/22/2023
Close Date
10/31/2023
Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment
$500
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.00X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$46
# of Investors
9
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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
| 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 |
Financials as of: 01/22/2023
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