Copperworks Distilling Company
Growth Stage
2018 "Distillery of The Year" intends to double whiskey production and sales
Overview
Raised: $2,016,375
Total Commitments ($USD)
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
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$0.53
Pre-Money Valuation
$11,723,916
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$17,383
# of Investors
1,114
Momentum
Funded
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Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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 | 07/28/2023 | StartEngine | $15,618,092 | $617,918 | Equity - Common | Funded | RegCF |
| 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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