Debellation Brewing Company
Brewery
Overview
Raised: $30,000
Total Commitments ($USD)
Platform
MainVest
Start Date
09/14/2023
Close Date
09/29/2023
Min. Goal
$20,000
Max. Goal
$25,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,143
# of Investors
35
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Richmond Hill, Georgia
Debellation Brewing Company is raising funds on MainVest. It is the first craft beer brewery in the city of Richmond Hill, Georgia, offering new styles and flavors of beer. Debellation Brewing Company makes unique flavors of premium craft beer using high-quality raw materials. The brewery will operate both as a producer and retailer and aims to take benefit of the owners’ built-in customer base. David Goodell founded Debellation Brewing Company in 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $25,000. The campaign proceeds will be used to meet the increased material costs of architect plans.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$538,940 |
$267,116 |
|
COGS |
$113,705 |
$37,371 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$20,613 |
$-34,506 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,486 |
$6,487 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$335,912 |
$367,928 |
|
Short-Term Debt |
$0 |
$46,493 |
|
Long-Term Debt |
$204,413 |
$227,227 |
|
Total Liabilities |
$204,413 |
$273,720 |
Financials as of: 09/14/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Debellation Brewing Company | 12/14/2023 | MainVest | - | $24,500 | Revenue Share | Funded | RegCF |
| Debellation Brewing Company | 09/28/2023 | MainVest | - | $30,000 | Revenue Share | Funded | RegCF |
| Debellation Brewing Company | 05/26/2023 | MainVest | - | $30,000 | Revenue Share | Funded | RegCF |
| Debellation Brewing | 04/08/2021 | MainVest | - | $13,200 | Revenue Share | Funded | RegCF |
| Debellation Brewing | 02/23/2021 | MainVest | - | $30,000 | Revenue Share | Funded | RegCF |
| Debellation Brewing | 01/14/2021 | MainVest | - | $66,500 | Revenue Share | Funded | RegCF |
| Debellation Brewing | 11/10/2020 | MainVest | - | $65,500 | Revenue Share | Funded | RegCF |
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