Eight Bridges Brewing

Eight Bridges Brewing

Closed: Apr. 2020

About this raise

Eight Bridges Brewing, with a pre-money valuation of $3.01 million, is raising funds on StartEngine. Eight Bridges Brewing is a family-owned production brewery that focuses on delivering a great beer experience. The company produces over 80 different beers in more than 30 different styles to remain ahead of the competition in the craft beer market. Eight Bridges Brewing is headed by George Beardsley and was founded in February 2014. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used to open five new taprooms throughout the bay area. Eight Bridges Brewing has developed its own carbonating system and created a brand for itself with its healthy and flavourful beers.

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Investment Overview

Invested this round: $102,678

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/03/2019
Close Date
04/29/2020
Min. Goal
$9,999
Max Goal
$106,993
Min. Investment

$298

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.55

Pre-Money Valuation

$3,010,000

Company & Team

Company

Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Livermore, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Founder Name
George Beardsley
Title
President

Financials

 Revenue
$369,422
 Monthly Burn
$6,427
 Runway
4.2 months
 Gross Margin
38%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$369,422

$389,386

COGS

$227,276

$222,682

Tax

$0

$0

 

 

Net Income

$-77,121

$-85,583

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$27,142

$7,387

Accounts Receivable

$12,114

$14,281

Total Assets

$122,757

$119,633

Short-Term Debt

$110,596

$85,155

Long-Term Debt

$234,167

$179,367

Total Liabilities

$344,763

$264,522

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2020 StartEngine $3,010,000 $102,678 Equity - Common Funded RegCF
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Add to portfolio
Eight Bridges Brewing on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $3,010,000
Price per Share: $2.55

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Warning: according to the close date for this deal, Eight Bridges Brewing may no longer be accepting investments.

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