Joyhound Beer Company
Craft beer is a science and science is an art
Overview
Raised: $136,300
Total Commitments ($USD)
Platform
MainVest
Start Date
09/07/2023
Close Date
05/10/2024
Min. Goal
$146,000
Max. Goal
$450,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rev. Share %
6.40%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
2
% of Min. Goal
93%
% of Max. Goal
30%
Likelihood of Max
Avg. Daily Raise
$561
# of Investors
242
Momentum
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Joyhound Beer Co. is raising funds on Mainvest. The company is seeking investment to open a taproom that features an onsite brewing facility for producing exclusive beers, as well as plans to expand into a larger brewing system to bring all production in-house. They have been recognized in publications such as Huckberry Magazine, which listed Joyhound as the best brewery in Maryland in 2022. Alfred Rotimi founded Joyhound Beer Co. in 2017. The current crowdfunding campaign has a minimum target of $205,000 and a maximum target of $450,000. The campaign proceeds will be used to establish their taproom and expand their beer offerings.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$47,123 |
$32,573 |
|
COGS |
$27,403 |
$31,203 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-9,216 |
$-26,252 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,761 |
$1,701 |
|
Accounts Receivable |
$4,454 |
$6,005 |
|
Total Assets |
$14,501 |
$20,645 |
|
Short-Term Debt |
$4,874 |
$7,211 |
|
Long-Term Debt |
$16,548 |
$21,475 |
|
Total Liabilities |
$21,423 |
$28,687 |
Financials as of: 09/07/2023
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