Medford Brewing Company
Profitable MA beermaker opening own brewery, first in Medford.
Overview
Raised: $283,999
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/28/2019
Close Date
05/24/2019
Min. Goal
$60,000
Max. Goal
$701,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
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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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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