Drawing Board Brewing Company
Brewery
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
MainVest
Start Date
02/18/2021
Close Date
04/28/2021
Min. Goal
$30,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$735
# of Investors
80
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Drawing Board Brewing Company, an upcoming brewery in Florence, MA, is raising funds on MainVest. The company has been producing high-quality ales and lagers for ten years as a nano-brewery and plans to open a brick-and-mortar location now. Corey Lynch founded Drawing Board Brewing Company in August 2019. The current crowdfunding campaign has a minimum raise of $30,000 and a maximum raise of $50,000, and the funds will target the purchase of a turnkey system, fermenters, a can filler, a can seamer, and a glycol system. Drawing Board Brewing Company has received several awards for its craft beer at various beer tasting events. The brewery will continue to maintain respect for traditional ingredients and processes.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$7,045 |
$0 |
|
COGS |
$336 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$1,209 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/18/2021
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