Granite Coast Brewing Company
Brewery
Overview
Raised: $67,500
Total Commitments ($USD)
Platform
MainVest
Start Date
03/14/2022
Close Date
05/06/2022
Min. Goal
$35,000
Max. Goal
$85,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.30X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,274
# of Investors
118
Momentum
Funded
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Granite Coast Brewing Company is raising funds on MainVest. The brewery is located in Peabody, MA, and provides innovative, creative, historical, and collaborative beer. Granite Coast Brewing Company has a loyal customer base and has earned five “Best of” Awards in the past two years. Rob Dunn and Jeff Marquis founded Granite Coast Brewing Company in February 2015. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $85,000. The campaign proceeds will be used for space upgrades, new brewhouse, and wort chiller.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$174,865 |
$129,449 |
|
COGS |
$33,409 |
$7,451 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,149 |
$7,561 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$36,760 |
$20,892 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$240,780 |
$252,384 |
|
Short-Term Debt |
$117,940 |
$115,371 |
|
Long-Term Debt |
$10,000 |
$10,000 |
|
Total Liabilities |
$127,940 |
$125,371 |
Financials as of: 03/14/2022
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