JK Williams Distilling

JK Williams Distilling

Distillery

Distillery

Overview

Raised to Date: Raised: $182,300

Total Commitments ($USD)

Platform

MainVest

Start Date

11/24/2020

Close Date

04/27/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

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

$1,184

# of Investors

105

Momentum
Funded
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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

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.

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

Financials as of: 11/24/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
JK Williams Distilling 07/15/2021 MainVest - $2,100 Revenue Share Not Funded RegCF
JK Williams Distilling 04/27/2021 MainVest - $182,300 Revenue Share Funded RegCF
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JK Williams Distilling on MainVest
Platform: MainVest
Security Type: Revenue Share

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