Medford Brewing Company

Medford Brewing Company

Profitable MA beermaker opening own brewery, first in Medford.

Profitable MA beermaker opening own brewery, first in Medford.

Overview

Raised this Round: Raised: $283,999

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/27/2019

Close Date

05/24/2019

Min. Goal
$60,000
Max. Goal
$701,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.75X

Rev. Share %

5.00%

Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

Medford, Massachusetts

Medford Brewing Company, a Massachusetts based beer maker, is raising funds on WeFunder. The company has been a profitable beer maker for over two years and plans to open a brewery now. It creates four different styles of brewed beer using locally-grown hop. The product lines include American Pale Ale, American Golden Ale, India Pale Ale, and Double India Pale Ale. Medford Brewing Company was founded by Nick Bolitho and Max Heinegg in 2016. The proceeds of the current crowdfunding round, with a maximum target of $701,000, will be used to open the first brewery in Medford. The products of Medford Brewing Company are already available in more than 150 stores, and the company operates at a per barrel profit margin of 27%. The current quarterly revenues are $48,192 which are expected to increase to $346,591 after the brewery opens.
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Medford Brewing Company on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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