GroundLion Brewing Company

GroundLion Brewing Company

Closed: Dec. 2020

About this raise

GroundLion Brewing Company, an upcoming craft brewery in Seagrove, NC, is raising funds on MainVest. It will be the first local brewery in Seagrove, offering high-quality, unique, rye-focused, carefully-crafted beer. The community members will come together at the brewery to expand their knowledge of beer, including its history, styles, and tastes. GroundLion Brewing Company was founded by Samuel Brown III and Samuel Brown IV, a father-son duo passionate about brewing craft beer. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used to complete the renovation of the location, purchase equipment, and establish contingency funds. GroundLion Brewing Company is gathering permits and licenses and is excited to launch its offerings to the community.

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Investment Overview

Not Funded: $4,300

Deal Terms

Total Commitments

Platform
MainVest
Start Date
09/25/2020
Close Date
12/02/2020
Min. Goal
$150,000
Max Goal
$175,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.70X

Company & Team

Company

Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Seagrove, North Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Samuel Brown IV
Title
Co-Owner and Head Brewer
Founder Name
Samuel Brown III
Title
Co-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
12/02/2020 MainVest - $4,300 Revenue Share Not Funded RegCF
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GroundLion Brewing Company on MainVest
Platform: MainVest
Security Type: Revenue Share

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

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