Overview
Raised: $100,000
Total Commitments ($USD)
Platform
MainVest
Start Date
12/10/2020
Close Date
03/10/2021
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.45X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,111
# 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
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 $25,000 and a maximum goal of $100,000, 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: 12/10/2020
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