Eastern Market Brewing

Eastern Market Brewing

Growth Stage

Brewery

Brewery

Overview

Raised to Date: Raised: $1,235,000

Total Commitments ($USD)

Platform

MainVest

Start Date

11/24/2022

Close Date

01/14/2023

Min. Goal
$250,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

Ann Arbor, Michigan

Business Type

Life Style

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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Eastern Market Brewing on MainVest 2022
Platform: MainVest
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $1.00

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