Cork & Barrel

Cork & Barrel

Open  for investment

About this raise: Cork & Barrel, with a valuation of $5.2 million, is raising funds on MicroVentures. It is a craft kitchen and microbrewery in Round Rock, Texas, that blends authentic Irish pub culture with Texas-inspired cuisine and hospitality. Cork & Barrel has won several awards and has a strategic relationship with the RS3 portfolio, a network tied to Ryan Sanders Baseball. The business has achieved $14.5 million in total revenues with consistently strong gross profit margins, reaching 70.7% in 2024. Jay Kudla and Sam Darlington founded Cork & Barrel in February 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for debt repayment.

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Investment Overview

Committed this round: $12,500

Deal Terms

Total Commitments ($USD)

Platform
Microventures
Start Date
12/18/2024
Close Date
04/28/2025
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$500.00

Pre-Money Valuation

$5,200,000

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Round Rock, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
90
Prior Founder Exits?
No
Founder Name
Jay Kulda
Title
President
Founder Name
Sam Darlington

Financials

as of Fiscal Year 2023
 Revenue +10% YoY
$3,768,372
 Monthly Burn
$43,106
 Runway
17.4 months
Gross Margin
68%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,768,372

$3,678,204

COGS

$1,191,084

$1,241,736

Tax

$0

$0

 

 

Net Income

$-517,271

$-489,105

Summary Balance Sheet

FY 2023 FY 2022

Cash

$748,584

$729,653

Accounts Receivable

$112,153

$102,687

Total Assets

$10,053,361

$10,255,140

Short-Term Debt

$977,339

$1,317,538

Long-Term Debt

$6,972,699

$7,246,008

Total Liabilities

$7,950,038

$8,563,546

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2025 Microventures $5,200,000 $12,500 Equity - Common Active RegCF
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Add to portfolio
Cork & Barrel on MicroVentures 2024
Platform: Microventures
Security Type: Equity - Common
Valuation: $5,200,000
Price per Share: $500.00

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Follow Cork & Barrel on MicroVentures 2024

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