Magic Valley Brewing

Brewery

Overview

Raised to Date: Raised: $100,000

Total Commitments ($USD)

Platform

MainVest

Start Date

03/12/2021

Close Date

05/12/2021

Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/31/2021

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

$1,639

# of Investors

85

Momentum
Funded
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Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Buhl, Idaho

Business Type

Life Style

Magic Valley Brewing, a brewery in Buhl, ID, is raising funds on MainVest. It is the oldest operating craft brewery in Twin Falls County and serves food and drinks made with local ingredients. It is a public house where friends and families get together to enjoy each other’s company. Richard White Sr. and Judy White founded Magic Valley Brewing in 2016. The proceeds of the current crowdfunding raise, with a minimum goal of $10,000 and a maximum goal of $50,000, will be used to expand the brewery by opening the taproom Pub on Main. The funds will also be used to complete the Brewery Beer Garden buildout, purchase new fermenters and a bright tank, and increase the distribution. Magic Valley Brewing makes exotic spirits and has established itself well in the community.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$210,218

$181,519

COGS

$63,687

$67,586

Tax

$0

$0

 

 

Net Income

$-24,094

$-55,143

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$30,202

$39,179

Short-Term Debt

$11,165

$12,609

Long-Term Debt

$40,000

$441,077

Total Liabilities

$51,165

$453,686

Financials as of: 03/12/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Magic Valley Brewing 05/12/2021 MainVest - $100,000 Revenue Share Funded RegCF
Magic Valley Brewing 03/10/2021 MainVest - $100,000 Revenue Share Funded RegCF
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Magic Valley Brewing on MainVest
Platform: MainVest
Security Type: Revenue Share

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