Hopsters
Early Stage
Nationally expanding brewery/restaurant featuring brew-your-own-beer experience.
Overview
Raised: $1,069,997
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/21/2016
Close Date
08/11/2017
Min. Goal
$300,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Preferred
SEC Filing Type
RegCF
Price Per Share
$500.00
Pre-Money Valuation
$4,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/11/2017
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,068
Momentum
Funded
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Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Location
Newton, Massachusetts
Hopsters, with a valuation of $4 million, is raising funds on Wefunder. The brewery is located in Newton, MA, and offers a brew-your-own-beer experience. It has opened two locations since 2013, including a 6,000 square foot space in the Seaport District of Boston. Hopsters has an average gross margin of 75% across both locations and serves its own beer through its own taps. Lee Cooper and Karen Cooper founded Hopsters in April 2013. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $1,070,000. The campaign proceeds will be used for brewing and restaurant equipment, construction of new locations, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,288,438 |
$1,248,091 |
|
COGS |
$321,132 |
$367,180 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$184,842 |
$-75,585 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$17,911 |
$16,580 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$661,672 |
$559,379 |
|
Short-Term Debt |
$240,501 |
$190,945 |
|
Long-Term Debt |
$283,291 |
$247,698 |
|
Total Liabilities |
$523,792 |
$438,643 |
Financials as of: 11/21/2016
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