Crowns & Hops Brewing Co.
Early Stage
Black-Owned Craft Brewery
Overview
Raised: $1,068,153
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/19/2021
Close Date
01/17/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$16,425,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,901
# of Investors
1,426
Momentum
Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Crowns & Hops Brewing Co., with a pre-money valuation of $16.4 million, is raising crowdfunding on StartEngine. It is a world-class craft brewery that has gained global recognition with its diversity, inclusion, and racial equity. The brewery serves black and brown craft beer lovers and focuses on quality products. Teo Hunter and Beny Ashburn founded Crowns & Hops Brewing Co. in December 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to increase brand awareness and obtain more resources. Crowns & Hops Brewing Co. sold over 18,000 cases of beer at 800 locations throughout California, Oregon, Nevada, New York, and Georgia in the first year of beer production.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$102,725 |
$4,445 |
|
COGS |
$18,078 |
$4,142 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$11,647 |
$-207,811 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$49,380 |
$4,758 |
|
Accounts Receivable |
$5,394 |
$0 |
|
Total Assets |
$54,774 |
$4,758 |
|
Short-Term Debt |
$12,163 |
$12,044 |
|
Long-Term Debt |
$33,000 |
$0 |
|
Total Liabilities |
$45,163 |
$12,044 |
Financials as of: 07/19/2021
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