Fenwick Farms Brewing Company
Brewery
Overview
Raised: $71,450
Total Commitments ($USD)
Platform
MainVest
Start Date
08/25/2020
Close Date
10/28/2020
Min. Goal
$50,000
Max. Goal
$120,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,134
# of Investors
40
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Fenwick Farms Brewing Company, a brewery in Rensselaer, IN, is raising funds on MainVest. It is Rensselaer’s first brewery, owned by the people who have been farming the local land for generations. The brewery aims to become farm-to-glass soon. Fenwick Farms Brewing Company is owned by Ron Fenwick, Kenny VanHouten, and Sam Yacko. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $120,000. The proceeds will be used for renovations and purchasing new brewing equipment. Fenwick Farms Brewing Company takes pride in its values that it shares with the small town it operates in. The owners keep the values at the core of every day and every beer.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$857,477 |
$599,366 |
|
COGS |
$390,261 |
$233,764 |
|
Tax |
$94,335 |
$25,192 |
| ||
| ||
|
Net Income |
$-101,135 |
$94,827 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,091 |
$11,958 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$114,562 |
$122,022 |
|
Short-Term Debt |
$203,965 |
$109,399 |
|
Long-Term Debt |
$108,036 |
$90,000 |
|
Total Liabilities |
$312,001 |
$199,399 |
Financials as of: 08/25/2020
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