Full Circle Brewing
Craft brewery
Overview
Raised: $686,816
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/21/2020
Close Date
04/30/2022
Min. Goal
$9,997
Max. Goal
$4,999,999
Min. Investment
$244
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.09
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,235
# of Investors
843
Momentum
Funded
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Year Founded
1998
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Full Circle Brewing, with a pre-money valuation of $25 million, is raising crowdfunding 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 beer cans also appeals to the customers. Full Circle Brewing was founded in 1998 and is currently owned by Arthur Moye. The current crowdfunding round has a minimum raise of $9,996.76 and a maximum raise of $534,948.82, and the proceeds will be used to expand the brewing capacity and grow the distribution network. Full Circle Brewing has received an overwhelming response to its ‘Illa’ series, including Strawberry, Blueberry, and Vanilla Illa.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,387,367 |
$602,284 |
|
COGS |
$678,584 |
$215,528 |
|
Tax |
$80,791 |
$59,865 |
| ||
| ||
|
Net Income |
$-579,172 |
$-294,753 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$96,199 |
$79,505 |
|
Accounts Receivable |
$24,141 |
$47,754 |
|
Total Assets |
$1,098,667 |
$988,425 |
|
Short-Term Debt |
$261,644 |
$390,961 |
|
Long-Term Debt |
$1,182,574 |
$691,343 |
|
Total Liabilities |
$1,444,218 |
$1,082,304 |
Financials as of: 10/21/2020
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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 | $144,064 | Equity - Common | Funded | 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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