Brownrigg Hard Cider
Award-winning producer of fast-selling and distinct hard apple cider
Overview
Raised: $119,673
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/15/2020
Close Date
06/30/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
2.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$417
# of Investors
137
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Brownrigg Hard Cider, a manufacturer of hard apple cider, is raising crowdfunding on Wefunder. It is a 20-barrel craft cidery and taproom in the SODO neighborhood of Seattle. The cider made by the company is of high quality and uses unique recipes. The ingredients, including apples, pears, plums, cherries, figs, and herbs, are directly sourced from the company’s West Seattle orchard. Christopher Scott Brownrigg founded Brownrigg Hard Cider in 2014 and has raised over $200,000 since its founding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for business operations, taproom improvement, and payment of the accumulated debt. Brownrigg Hard Cider’s combined wholesale and retail sales went up by 173% in 2019 compared to 2018.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$104,723 |
$35,115 |
|
COGS |
$14,233 |
$17,137 |
|
Tax |
$2,756 |
$966 |
| ||
| ||
|
Net Income |
$18,836 |
$-45,967 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,932 |
$0 |
|
Accounts Receivable |
$4,045 |
$38,488 |
|
Total Assets |
$68,696 |
$63,486 |
|
Short-Term Debt |
$8,560 |
$22 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,560 |
$22 |
Financials as of: 09/15/2020
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