Black Heath Meadery
Meadery
Overview
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
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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