Full Circle Brewing

Growth Stage

Craft brewery

Overview

Raised to Date: Raised: $88,964

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/27/2023

Close Date

04/26/2023

Min. Goal

$9,994

Max. Goal

$4,318,089

Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.94

Pre-Money Valuation

$34,809,118

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

34

% of Min. Goal

890%

% of Max. Goal

2%

Likelihood of Max
unlikely
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

Location

Fresno, California

Business Type

Growth

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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Full Circle Brewing on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $34,809,118

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