JK Williams Distilling (2021)

JK Williams Distilling (2021)

Closed: Apr. 2021

About this raise

JK Williams Distilling, a distillery in Peoria, IL, is raising crowdfunding on MainVest. The company makes exclusive craft whiskey using high-quality grains, and top-notch craftsmanship passed down four generations of JK Williams. Andrew Faris founded JK Williams Distilling in 2012. The current round of crowdfunding of the company has a minimum raise of $150,000 and a maximum raise of $250,000, and the funds will be used towards the website, marketing, rebranding, retail inventory for the tasting room, and bottling of existing inventory. JK Williams Distilling plans to relocate its retail location to a new space and build out a tasting room.

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Investment Overview

Invested this round: $182,300

Deal Terms

Total Commitments

Platform
MainVest
Start Date
11/25/2020
Close Date
04/28/2021
Min. Goal
$150,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Peoria, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Andrew Faris
Title
President

Financials

 Revenue
$63,306
 Monthly Burn
$4,372
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$63,306

COGS

$3,200

$14,076

Tax

$0

$0

 

 

Net Income

$-52,461

$-81,111

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$206,444

$0

Short-Term Debt

$0

$0

Long-Term Debt

$51,640

$0

Total Liabilities

$51,640

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/16/2021 MainVest - $2,100 Revenue Share Not Funded RegCF
04/28/2021 MainVest - $182,300 Revenue Share Funded RegCF
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Growth Charts

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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JK Williams Distilling on MainVest
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, JK Williams Distilling may no longer be accepting investments.

JK Williams Distilling Deal Report

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