Copperworks Distilling Company
Growth Stage
Award-Winning Craft Distillery Expanding in the Seattle Area
Overview
Raised: $617,918
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/27/2023
Close Date
07/28/2023
Min. Goal
$10,000
Max. Goal
$618,000
Min. Investment
$250
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$0.60
Pre-Money Valuation
$15,618,092
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,024
# of Investors
346
Momentum
Funded
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Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Copperworks Distilling Company, with a valuation of $15.6 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 has expanded its production by opening two new locations. Jason Parker and Micah Nutt founded Copperworks Distilling in 2011. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $618,000. The campaign proceeds will be used for marketing, operations, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,030,662 |
$846,090 |
|
COGS |
$642,592 |
$471,000 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-601,608 |
$630 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$104,390 |
$1,012,605 |
|
Accounts Receivable |
$76,067 |
$84,725 |
|
Total Assets |
$9,125,362 |
$3,711,026 |
|
Short-Term Debt |
$2,161,529 |
$229,114 |
|
Long-Term Debt |
$5,221,204 |
$1,663,565 |
|
Total Liabilities |
$7,382,733 |
$1,892,679 |
Financials as of: 03/27/2023
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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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