Honey & Hops Brew Works
3 brothers from Alaska, making mead in the Shenandoah Valley.
Overview
Raised: $65,900
Total Commitments ($USD)
Platform
MainVest
Start Date
06/16/2023
Close Date
08/18/2023
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
6.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,046
# of Investors
89
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Honey & Hops Brew Works is raising funds on MainVest. It is a local craft brewing company that produces 30 flavors of Mead. They are currently looking to increase their production space by purchasing additional property. The property Honey & Hops is exploring is within a 12-min drive of their existing location, and sits on approximately 60 acres. Beyond that there is a barn on the property that they will be retrofitting as a production space. Ian, Adam and Isaac Rushing founded Honey & Hops Brew Works in April 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for the purchase of the property and build out of a production facility.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$298,663 |
$228,937 |
|
COGS |
$90,548 |
$49,111 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-10,171 |
$20,488 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,658 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/16/2023
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