Lake Effect Brewing Company

Lake Effect Brewing Company

Early Stage

Opening Their First Taproom

Opening Their First Taproom

Overview

Raised this Round: Raised: $15,550

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/06/2024

Close Date

07/22/2024

Min. Goal
$50,000
Max. Goal
$115,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$2,500,000

Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Location

Chicago, Illinois

Lake Effect Brewing Company, with a valuation of $2.5m, is raising funds on Honeycomb Credit. The company is a craft brewery known for its unique and diverse beer offerings, including innovative flavors and locally inspired brews. Lake Effect Brewing Company has been recognized for its commitment to quality and community engagement, making it a favorite among local beer enthusiasts. Clint and Ayse Bautz founded Lake Effect Brewing Company in 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $115,000. The campaign proceeds will be used to expand their brewing facility with a new taproom.

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$119,737

$167,221

COGS

$27,609

$52,216

Tax

$0

$0

 

 

Net Income

$-19,955

$-20,375

Summary Balance Sheet

FY 2024 FY 2023

Cash

$2,741

$7,343

Accounts Receivable

$596,185

$565,504

Total Assets

$643,827

$573,674

Short-Term Debt

$18,120

$20,541

Long-Term Debt

$0

$0

Total Liabilities

$18,120

$20,541

Financials as of: 06/06/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Lake Effect Brewing Company on Honeycomb
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $2,500,000
Price per Share: $1.00

Follow company

Follow Lake Effect Brewing Company on Honeycomb

Buy Lake Effect Brewing Company's Deal Report

Lake Effect Brewing Company Deal Report

Get KingsCrowd’s comprehensive report on Lake Effect Brewing Company including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Lake Effect Brewing Company is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Lake Effect Brewing Company deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge