Headless Mumby Brewing
Brewery
Overview
Raised: $49,914
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/26/2024
Close Date
03/26/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.50%
Term Length
3.0 years
Rolling Commitments ($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
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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