Happy Hippie Brewing Company

Happy Hippie Brewing Company

Brewery

Brewery

Overview

Raised to Date: Raised: $112,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/22/2022

Close Date

10/31/2022

Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Rev. Share %

8.00%

Profit Share %

1.75%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,872

# of Investors

40

Momentum
Funded
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Richardson, Texas

Business Type

Growth

Happy Hippie Brewing Company is raising funds on Wefunder. It is a new brewery in Richardson, Texas, creating fresh and delicious craft beer that brings people peace and love. The brewery will be open to all people and will offer an indoor taproom and open outdoor seating. Happy Hippie Brewing Company experienced 63% revenue growth in the first year and 242% revenue growth in the second year of business. Michael W Frederick founded Happy Hippie Brewing Company in October 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for purchasing brewing and canning equipment and a delivery vehicle, marketing, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$20,194

$13,065

COGS

$8,738

$13,361

Tax

$9,956

$3,644

 

 

Net Income

$-67,433

$-41,018

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$694

$0

Accounts Receivable

$49

$0

Total Assets

$50,042

$21,567

Short-Term Debt

$14,633

$0

Long-Term Debt

$0

$0

Total Liabilities

$14,633

$0

Financials as of: 09/22/2022
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Happy Hippie Brewing Company on Wefunder 2022
Platform: Wefunder
Security Type: Revenue Share

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