Medford Brewing Company

Early Stage

Profitable MA beermaker opening own brewery, first in Medford.

Analytics

Raised to Date: Raised: $283,999

Aggregate Commitments $

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

Funding Type

RegCF

Rolling Commitments $

Status
Funded
Reporting Date

05/31/2019

Days Remaining
Funded
% of Min. Goal

473%

% of Max. Goal

41%

Likelihood of Max
Funded
Avg. Daily Raise

$3,341

# of Investors

489

Momentum
Funded
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Location

Medford, Massachusetts

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

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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