Glove City Brewing

Glove City Brewing

Closed: Nov. 2021

About this raise

Glove City Brewing is raising funds on MainVest. The company plans to open an inviting and inclusive brewery in Gloversville. The brewery will offer high-quality locally-brewed craft beer and fresh home-made pub-styled food. It will produce 16 kegs of craft beer per week and provide a rotational menu of craft beer. Edward Sturgess Jr. founded Glove City Brewing in September 2021. The current crowdfunding campaign has a minimum target of $90,000 and a maximum target of $105,000. The campaign proceeds will be used to acquire the property and make all the renovations for the grand opening in 2022.

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Investment Overview

Not Funded: $8,600

Deal Terms

Total Commitments

Platform
MainVest
Start Date
09/17/2021
Close Date
11/26/2021
Min. Goal
$90,000
Max Goal
$105,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Gloversville, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Edward Sturgess
Title
Owner

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/26/2021 MainVest - $8,600 Revenue Share Not Funded RegCF
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Glove City Brewing on MainVest 2021
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Glove City Brewing may no longer be accepting investments.

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