Magic Valley Brewing (2021)

Magic Valley Brewing (2021)

Closed: Mar. 2021

About this raise

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.

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Investment Overview

Invested this round: $100,000

Deal Terms

Total Commitments

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

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.45X

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Richard White
Title
Owner
Founder Name
Judy White
Title
Co-Owner

Financials

 Revenue +16% YoY
$210,218
 Monthly Burn
$2,008
 Runway
0 months
 Gross Margin
70%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/12/2021 MainVest - $100,000 Revenue Share Funded RegCF
03/10/2021 MainVest - $100,000 Revenue Share Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Magic Valley Brewing on MainVest
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Magic Valley Brewing may no longer be accepting investments.

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