Full Circle Brewing
Craft brewery
Overview
Raised: $88,964
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
34
% of Min. Goal
890%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$1,618
# of Investors
79
Momentum
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Year Founded
1998
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Full Circle Brewing, with a valuation of $34.8 million, is raising funds on StartEngine. It is a brewery that crafts high-quality, flavorful beers. The beer comes in flavors like cream soda, pies, and milkshakes and connects to people. The eye-catching branding of the Full Circle Brewing beer cans also appeals to the customers. The company has received an overwhelming response to its beers and reported a 4,486% revenue growth from 2016 to 2022. Arthur Lee Moye III founded Full Circle Brewing in May 1998. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4.3 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, working capital, and inventory.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$3,798,277 |
$2,348,337 |
COGS |
$1,081,041 |
$1,534,028 |
Tax |
$257,981 |
$163,163 |
| ||
| ||
Net Income |
$-195,748 |
$-286,450 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$226,113 |
$179,904 |
Accounts Receivable |
$258,077 |
$136,698 |
Total Assets |
$2,394,291 |
$1,764,403 |
Short-Term Debt |
$1,020,919 |
$616,291 |
Long-Term Debt |
$1,757,382 |
$1,585,715 |
Total Liabilities |
$2,778,301 |
$2,202,006 |
Financials as of: 01/27/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
Full Circle Brewing | 04/26/2023 | StartEngine | $34,809,118 | $88,964 | Equity - Common | Active | RegCF |
Full Circle Brewing | 04/30/2022 | StartEngine | $25,000,000 | $686,816 | Equity - Common | Funded | RegCF |
Full Circle Brewing | 09/01/2018 | Wefunder | $4,480,000 | $53,077 | Equity - Common | Funded | RegCF |
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