Hidden Sands Brewing Company
Early Stage
Craft Beer Brewed with Depth
Overview
Raised: $56,754
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/24/2023
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
Price Per Share
$5.00
Pre-Money Valuation
$12,100,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
20
% of Min. Goal
568%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$1,419
# of Investors
44
Momentum
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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
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: 04/24/2023
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