Cartel Brewing & Blending

Cartel Brewing & Blending

[Closed for Investment] Cartel Brewing & Blending is raising funds on MainVest. It is a craft brewery in Lancaster, Pennsylvania, that brews craft beer in small batches, in addition to unique and tailored experiences through blending. Cartel Brewing & Blending’s offerings include all dark beers, kettle sours, lighter ales, house blends and poured-to-order blends, barrel-aged beers, and a lite fare cafe menu. The company has acquired a new property that once housed an iconic craft beer gastropub and plans to grow the business further. Adam Chamberland, Cullen Farrell, Kyle Ober, and Xiang Guo founded Cartel Brewing & Blending in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for property renovations, equipment, and working capital.

Expand

Investment Overview

Raised this Round: Raised: $81,200

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
09/25/2023
Close Date
11/03/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Revenue Share

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.30X

Rev. Share %

4.50%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Lancaster, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Xiang Guo
Founder Name
Adam Chamberland
Title
Co-Owner and Head Brewer
Founder Name
Kyle Ober
Title
Co-Founder

Financials

as of Fiscal Year 2022
 Revenue +87% YoY
$319,331
 Monthly Burn
Profitable
 Cash on Hand
$9,575
Gross Margin
87%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$319,331

$170,529

COGS

$40,570

$31,707

Tax

$0

$0

 

 

Net Income

$2,617

$-14,426

Summary Balance Sheet

FY 2022 FY 2021

Cash

$9,575

$9,175

Accounts Receivable

$0

$0

Total Assets

$163,353

$172,559

Short-Term Debt

$13,111

$3,023

Long-Term Debt

$112,056

$108,968

Total Liabilities

$125,167

$111,991

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/03/2023 MainVest - $81,200 Revenue Share Funded RegCF
08/26/2020 MainVest - $63,150 Revenue Share Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Cartel Brewing & Blending on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

Follow company

Follow Cartel Brewing & Blending on MainVest 2023

Buy Cartel Brewing & Blending's Deal Report

Warning: according to the close date for this deal, Cartel Brewing & Blending may no longer be accepting investments.

Cartel Brewing & Blending Deal Report

Get Kingscrowd's comprehensive report on Cartel Brewing & Blending including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Cartel Brewing & Blending is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Cartel Brewing & Blending deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge