Crowns & Hops Brewing Co.

Early Stage

Black-Owned Craft Brewery

Analytics

Raised to Date: Raised: $644,905

Aggregate Commitments $

Platform

StartEngine

Start Date

07/20/2021

Close Date

01/17/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$16,425,000

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

50

% of Min. Goal

6,449%

% of Max. Goal

60%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,923

Momentum
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Location

Inglewood, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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: 07/20/2021
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Crowns & Hops Brewing Co. on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,425,000

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