FruitCraft Fermentery & Distillery

FruitCraft Fermentery & Distillery

Fruit-based alcohol. Community-owned. Social value.

Fruit-based alcohol. Community-owned. Social value.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/09/2020

Close Date

10/18/2020

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/27/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2013

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

San Diego, California

Business Type

Life Style

FruitCraft Fermentery & Distillery, a social value cooperative, is raising crowdfunding on Wefunder. The company is owned and run by laborers, consumers, and investors that manufacture fruit-based alcohol and use the profits to create social value. The products of FruitCraft Fermentery & Distillery include hard seltzer, hard cider, mead, hard Kombucha, wine from fruit, and craft spirits. Alan Haghighi founded FruitCraft Fermentery & Distillery in 2013 and has raised over $4.4 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,000,000, and the funds will be used for business development, debt consolidation, new hires, and franchising infrastructure. FruitCraft Fermentery & Distillery became profitable in October 2019 and generated over $70,000 in revenue for the month. The annual revenues increased from $472,000 in 2018 to $687,000 in 2019.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$472,841

$335,834

COGS

$79,347

$113,733

Tax

$7,420

$103,950

 

 

Net Income

$-255,244

$-625,887

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$24,547

$20,717

Accounts Receivable

$434

$858

Total Assets

$942,604

$954,645

Short-Term Debt

$130,464

$173,125

Long-Term Debt

$219,885

$321,528

Total Liabilities

$350,349

$494,653

Financials as of: 08/09/2020
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FruitCraft Fermentery & Distillery on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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