Feathered Serpent Brewery
Brewpub
Overview
Raised: $59,200
Total Commitments ($USD)
Platform
MainVest
Start Date
03/29/2023
Close Date
06/02/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
3.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$925
# of Investors
104
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Feathered Serpent Brewery is raising funds on MainVest. It is an upcoming brewpub in La Puente, California. The brewpub will brew beautifully crafted beer and share its Chicano culture with the community. Feathered Serpent Brewery will serve as the community gathering place for the Latino demographic in La Puente and bring more life and economic development to the town. Aurelio Ramirez and Tania Ramirez founded Feathered Serpent Brewery in April 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for space buildout.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$74,800 |
$28,593 |
|
COGS |
$32,134 |
$9,704 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-38,562 |
$-44,540 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,924 |
$8,065 |
|
Accounts Receivable |
$795 |
$795 |
|
Total Assets |
$4,090 |
$9,321 |
|
Short-Term Debt |
$8,191 |
$8,551 |
|
Long-Term Debt |
$74,800 |
$28,593 |
|
Total Liabilities |
$82,991 |
$37,144 |
Financials as of: 03/29/2023
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