This company is no longer in business. Investors can get details about any potential exits or failures here.

Eight Bridges Brewing

Eight Bridges Brewing

Early Stage

No Compromise – Just Really Good Beer

No Compromise – Just Really Good Beer

Overview

Raised this Round: Raised: $102,678

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/02/2019

Close Date

04/29/2020

Min. Goal
$9,999
Max. Goal
$106,993
Min. Investment

$298

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.55

Pre-Money Valuation

$3,010,000

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

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.

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

Financials as of: 12/02/2019
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Eight Bridges Brewing on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $3,010,000
Price per Share: $2.55

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