Overview
Raised: $81,200
Total Commitments ($USD)
Platform
MainVest
Start Date
09/24/2023
Close Date
11/03/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
Series
Series A
SEC Filing Type
RegCF
Return Multiple
1.30X
Rev. Share %
4.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,082
# of Investors
73
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 09/24/2023
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