Manhattan Brewing Company
Brewery
Overview
Raised: $89,270
Total Commitments ($USD)
Platform
SMBX
Start Date
05/29/2022
Close Date
07/14/2022
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Series A
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,984
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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.
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 |
Financials as of: 05/29/2022
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