Eastern Market Brewing
Growth Stage
Brewery
Overview
Raised: $1,235,000
Total Commitments ($USD)
Platform
MainVest
Start Date
11/24/2022
Close Date
01/15/2023
Min. Goal
$250,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$24,216
# of Investors
415
Momentum
Funded
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Year Founded
2016
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Eastern Market Brewing is raising funds on MainVest. It is a brewery in Detroit, Michigan, with three customer-facing taprooms. It is the only brewery in Michigan that is self-distributing, with an annual distribution of $1 million and is expected to reach $1.5 million in 2023. Eastern Market Brewing is known for its delicious beers that have won multiple gold medals and are one of the highest-rated in the state. Dayne Bartscht founded Eastern Market Brewing in February 2016. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used to grow self-distribution, extend the Lincoln Tap to meet demand, and kick off Eastern Market expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,480,774 |
$2,458,610 |
|
COGS |
$1,164,349 |
$954,532 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-243,217 |
$-313,680 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$172,783 |
$104,596 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,196,323 |
$1,262,423 |
|
Short-Term Debt |
$197,910 |
$92,365 |
|
Long-Term Debt |
$143,011 |
$148,651 |
|
Total Liabilities |
$340,921 |
$241,016 |
Financials as of: 11/24/2022
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