Copperworks Distilling Company

Growth Stage

2018 "Distillery of The Year" intends to double whiskey production and sales

Analytics

Raised to Date: Raised: $2,016,375

Aggregate Commitments $

Platform

StartEngine

Start Date

09/06/2021

Close Date

12/31/2021

Min. Goal

$10,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$11,723,916

Rolling Commitments $

Status
Funded
Reporting Date

01/02/2022

Days Remaining
Funded
% of Min. Goal

20,165%

% of Max. Goal

40%

Likelihood of Max
Funded
Avg. Daily Raise

$17,383

Momentum
Funded
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Location

Seattle, Washington

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

Copperworks Distilling Company, with a valuation of $11.7 million, is raising funds on StartEngine. The company produces gin, vodka, and American Single Malt whiskey from the base of malted barley. Copperworks Distilling sells both through its retail store and distribution to restaurants, bars, grocery stores, and liquor stores. The business has also won several national and international awards and was named the Distillery of the Year 2018 by the American Distilling Institute. Jason Parker and Micah Nutt founded Copperworks Distilling in 2011. The current crowdfunding campaign has a minimum target of $9,999.51 and a maximum target of $4,999,999.86. The campaign proceeds will be used for expansion to two new locations and growth in production and revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,026,360

$895,182

COGS

$691,142

$434,965

Tax

$0

$0

 

 

Net Income

$-361,425

$3,474

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,525

$40,581

Accounts Receivable

$22,246

$29,477

Total Assets

$2,653,129

$2,398,033

Short-Term Debt

$169,268

$295,088

Long-Term Debt

$1,703,806

$1,680,171

Total Liabilities

$1,873,074

$1,975,259

Financials as of: 09/06/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Copperworks Distilling Company 12/31/2021 StartEngine $11,723,916 $2,016,375 Equity - Common Funded RegCF
Copperworks Distilling Company 04/29/2020 Wefunder $7,850,052 $760,208 Equity - Common Funded RegCF
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Copperworks Distilling Company on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,723,916
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