Medford Brewing Company

Medford Brewing Company

[Closed for Investment] 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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Investment Overview

Raised this Round: Raised: $283,999

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/28/2019
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%

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Location
Medford, Massachusetts
Company Website
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Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/24/2019 Wefunder - $283,999 Revenue Share Funded RegCF
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Medford Brewing Company on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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

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