Hidden Sands Brewing Company

Hidden Sands Brewing Company

Early Stage

Craft Beer Brewed with Depth

Craft Beer Brewed with Depth

Overview

Raised to Date: Raised: $84,761

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/23/2023

Close Date

06/23/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$12,100,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

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

$1,413

# of Investors

70

Momentum
Funded
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Year Founded

2022

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

EGG HARBOR, New Jersey

Business Type

Life Style

Hidden Sands Brewing Company, with a valuation of $12.1 million, is raising funds on StartEngine. It is a craft beer brand that makes award-winning handcrafted beverages. The products of Hidden Sands Brewing Company are made using high-quality ingredients, including the nation’s most pristine water sourced from New Jersey’s Sand Aquifer and top-class manufacturing processes, giving them exceptional taste and quality. Hidden Sands Brewing Company sells its products in New Jersey liquor stores, bars, and restaurants and generated $500,000 in revenue in 2021. Matthew Helm founded Hidden Sands Brewing Company in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for operations, marketing, company employment, inventory, debt reduction, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$405,829

$544,207

COGS

$74,047

$140,666

Tax

$7,774

$8,574

 

 

Net Income

$-221,578

$-178,704

Summary Balance Sheet

FY 2022 FY 2021

Cash

$13,153

$18,021

Accounts Receivable

$2,637

$9,861

Total Assets

$2,409,978

$2,622,667

Short-Term Debt

$885,890

$787,441

Long-Term Debt

$1,499,014

$1,605,038

Total Liabilities

$2,384,904

$2,392,479

Financials as of: 04/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hidden Sands Brewing Company 04/12/2024 Honeycomb $12,000,000 $7,550 Equity - Common Not Funded RegCF
Hidden Sands Brewing Company 06/22/2023 StartEngine $12,100,000 $84,761 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Hidden Sands Brewing Company on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,100,000
Price per Share: $5.00

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