Broken Clock Brewing Cooperative

Broken Clock Brewing Cooperative

Closed: Sep. 2022

About this raise

Broken Clock Brewing Cooperative is raising funds on Silicon Prairie Online. It is a member-owned brewery in Minneapolis that makes high-quality beer through collaboration within the community. The cooperative distributes beer to restaurants and liquor stores and also has its own taproom. Broken Clock Brewing Cooperative is an active participant in building the community and has partnerships with Tiny Footprint, Gus Dean Coffee, Brewing Change Collaborative, and Campaign to Save the Boundary Waters. Jeremy Mathison founded Broken Clock Brewing Cooperative in September 2015. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $250,000. The campaign proceeds will be used for product expansion and taproom and event space.

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Investment Overview

Invested this round: $203,550

Deal Terms

Total Commitments ($USD)

Platform
Silicon Prairie Online
Start Date
06/30/2022
Close Date
09/30/2022
Min. Goal
$200,000
Max Goal
$250,000
Min. Investment

$50

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Minneapolis, Minnesota
Business Type
Life Style
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Jeremy Mathison
Title
Operations

Financials

 Revenue +8% YoY
$600,299
 Monthly Burn
Profitable
 Cash on Hand
$198,936
Gross Margin
72%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$600,299

$558,218

COGS

$168,250

$159,965

Tax

$113,001

$100,738

 

 

Net Income

$93,794

$35,800

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$198,936

$96,880

Accounts Receivable

$5,392

$11,881

Total Assets

$692,389

$363,618

Short-Term Debt

$188,654

$52,617

Long-Term Debt

$402,141

$319,001

Total Liabilities

$590,795

$371,618

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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
09/30/2022 Silicon Prairie Online - $203,550 Convertible Note Funded RegCF
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Broken Clock Brewing Cooperative on Silicon Prairie Online 2022
Platform: Silicon Prairie Online
Security Type: Convertible Note

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