Mountain West Cider
Early Stage
The first dedicated cidery in Utah
Overview
Raised: $81,665
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/22/2021
Close Date
10/13/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$6,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$398
# of Investors
151
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Mountain West Cider, with a pre-money valuation of $6.5 million, is raising crowdfunding on StartEngine. The cidery makes award-winning hard apple cider using the finest ingredients. The ciders of Mountain West Cider are produced on a small scale and are unique. Jeffrey C. Carleton founded Mountain West Cider in 2014. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The raise proceeds will target increased distribution, revenue growth, and the addition of new ciders. Mountain West Cider is the most purchased craft cider in Utah and has been voted SLC City Weekly Utah’s Best Cider for five consecutive years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$578,162 |
$715,740 |
|
COGS |
$314,650 |
$464,878 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-145,637 |
$-215,416 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$38,485 |
$17,185 |
|
Accounts Receivable |
$3,448 |
$25,912 |
|
Total Assets |
$581,805 |
$598,963 |
|
Short-Term Debt |
$184,718 |
$223,379 |
|
Long-Term Debt |
$206,079 |
$10,805 |
|
Total Liabilities |
$390,797 |
$234,184 |
Financials as of: 03/22/2021
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