Copperworks Distilling Company
2018 "Distillery of The Year" intends to double whiskey production and sales
Analytics
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
Log in or create a free account today to gain access to KingsCrowd analytics.
Location
Seattle, Washington
Industry
Food, Beverage, & Restaurants
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
Log in or create a free account today to gain access to KingsCrowd analytics.
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 |
Log in or create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$8.33 /month
billed annually - Free portfolio tracking. Limited reports and filters.
- Plan Includes:
- Everything in Free, plus
- Advanced company search ( limited filters)
- Founder profiles and exclusive webinars
- 2 Analyst Reports per month
- Get Starter Annual
Starter
-
$25 /month
billed annually - Unlimited analyst reports and market analytics.
- Plan Includes:
- Everything in Starter, plus
- Full access to all Analyst Reports
- Filter on Analyst Reports (e.g. Top Deal, Deal to Watch, etc.)
- Market Analytics
- Get Pro Annual
Pro
-
$41.67 /month
billed annually - Full site access including Merlin ratings.
- Plan Includes:
- Everything in Pro, plus
- Search and filter companies by Merlin ratings
- Company specific
Merlin rating and risk assessment
- Get Merlin Annual
Merlin
Already a member? Log in here.
Ratings 
