Black Heath Meadery

Black Heath Meadery

Meadery

Meadery

Overview

Raised this Round: 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    Open SEC Filing

Return Multiple

5.00X

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

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

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