Headless Mumby Brewing

Headless Mumby Brewing

Brewery

Brewery

Overview

Raised to Date: Raised: $49,914

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/26/2024

Close Date

03/25/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

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

$1,783

# of Investors

43

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Olympia, Washington

Business Type

Life Style

Headless Mumby Brewing is raising funds on Honeycomb. It is a seven-barrel brewery in Olympia, Washington, focused on brewing craft lager beer. Headless Mumby Brewing brews lagers ranging from traditional German styles to modern Pacific Northwest-inspired variations. The brewery is a member of the Washington Brewer’s Guild, South Sound Makers, and Brewer’s Association and has won several awards. Alexander Maffeo founded Headless Mumby Brewing in January 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for buying kegs, a new conditioning tank, and a new delivery vehicle, refinancing debt, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$248,947

$306,299

COGS

$90,316

$100,930

Tax

$0

$0

 

 

Net Income

$-69,021

$-67,241

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,601

$1,829

Accounts Receivable

$2,519

$1,138

Total Assets

$87,433

$80,524

Short-Term Debt

$118,467

$33,439

Long-Term Debt

$193,855

$197,882

Total Liabilities

$312,322

$231,321

Financials as of: 02/26/2024
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Headless Mumby Brewing on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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