Manhattan Brewing Company

Manhattan Brewing Company

Closed: Jul. 2022

About this raise

Manhattan Brewing Company is raising funds on SMBX. The business runs a brewery in Manhattan, Kansas, and aims to bring the best beer experience and education to the people of the city. The brewery is housed in a historic building and maintains a full bar, including cocktails and sangria on tap. Manhattan Brewing Company has about 20 varieties of beer on tap and can produce 900 barrels of beer per year. Adam Krebsbach, Garrett Paulman, and Jake Voegeli founded Manhattan Brewing Company in February 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for refinancing debt, equipment and installation, and working capital.

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Investment Overview

Invested this round: $89,270

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
05/30/2022
Close Date
07/14/2022
Min. Goal
$25,000
Max Goal
$100,000
Min. Investment

$10

Security Type

Debt

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Manhattan, Kansas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Jacob Voegeli
Title
Brewer
Founder Name
Adam Krebsbach
Title
Brewer
Founder Name
Garrett Paulman
Title
Sales and Marketing

Financials

 Revenue +143% YoY
$838,064
 Monthly Burn
$6,409
 Runway
20.1 months
Gross Margin
71%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$838,064

$345,977

COGS

$245,857

$151,848

Tax

$0

$0

 

 

Net Income

$-76,904

$-142,737

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$129,039

$98,524

Accounts Receivable

$7,355

$0

Total Assets

$1,116,132

$1,223,186

Short-Term Debt

$467

$0

Long-Term Debt

$887,239

$1,013,875

Total Liabilities

$887,706

$1,013,875

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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
07/14/2022 SMBX - $89,270 Debt Funded RegCF
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Manhattan Brewing Company on SMBX 2022
Platform: SMBX
Security Type: Debt

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

Manhattan Brewing Company Deal Report

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