Franklin Brewing
Brewery
Overview
Raised: $50,650
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/28/2022
Close Date
04/18/2022
Min. Goal
$20,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,055
# of Investors
52
Momentum
Funded
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Year Founded
2009
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Franklin Brewing is raising funds on Honeycomb. It is a small craft brewery that caters to young and old craft beer enthusiasts and those looking to delve into the craft beer market. The business plans to open its first taproom with its unique style of beers and interesting events featuring art, food, music, and poetry. Franklin Brewing is an established brand and has crafted over 20 recipes, including several popular seasonals. Aaron Schickel and Howard Ross founded Franklin Brewing in September 2009. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $150,000. The campaign proceeds will be used for renovations, fermentation tanks, fixtures and equipment, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$14,343 |
$21,804 |
|
COGS |
$3,098 |
$4,025 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,797 |
$-7,198 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$28,013 |
$23,470 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$84,163 |
$81,820 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$75,258 |
$41,862 |
|
Total Liabilities |
$75,258 |
$41,862 |
Financials as of: 02/28/2022
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