Maggie’s Farm Rum

Maggie’s Farm Rum

Open  for investment

About this raise

Maggie’s Farm Rum, with a valuation of $9 million, is raising funds on Honeycomb. It is an award-winning rum distillery in Pittsburgh, Pennsylvania, known for its best-in-class rum. Maggie’s Farm Rum is a part of Allegheny Spirits and is the manufacturer, wholesaler, and retailer of distilled spirits with bar and restaurant concepts. The business has won the Best Overall Rum award at the San Francisco World’s Spirit Competition, Best-in-Show Spirit at the American Craft Spirits Competition, Best-in-Class Rum at the American Distilling Institute, and Liquer-of-the-Year at Tales of the Cocktail/New Orleans Spirits Competition. Timothy Russell founded Maggie’s Farm Rum in November 2024. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used as working capital for sales and marketing.

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Investment Overview

Committed this round: $167,417

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
01/16/2025
Close Date
03/03/2025
Min. Goal
$100,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$18.00

Pre-Money Valuation

$9,000,000

Company & Team

Company

Year Founded
2024
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
35
Prior Founder Exits?
No
Founder Name
Tim Russell
Title
President

Financials

as of Fiscal Year 2023
 Revenue +0% YoY
$1,651,112
 Monthly Burn
$39,426
 Runway
6.6 months
Gross Margin
79%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,651,112

$1,646,289

COGS

$338,618

$475,447

Tax

$0

$0

 

 

Net Income

$-473,109

$-248,902

Summary Balance Sheet

FY 2023 FY 2022

Cash

$261,679

$1,061,737

Accounts Receivable

$0

$0

Total Assets

$696,398

$1,471,237

Short-Term Debt

$869,663

$195,925

Long-Term Debt

$5,929,327

$5,043,440

Total Liabilities

$6,798,990

$5,239,365

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/03/2025 Honeycomb $9,000,000 $167,417 Equity - Common Active RegCF
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Add to portfolio
Maggie’s Farm Rum on Honeycomb 2025
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $9,000,000
Price per Share: $18.00

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