Mountain West Cider

Mountain West Cider

Closed: Oct. 2021

About this raise

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.

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Investment Overview

Invested this round: $81,665

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/23/2021
Close Date
10/14/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$6,500,000

Company & Team

Company

Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Salt Lake City, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Jeff Carleton
Title
CEO

Financials

 Revenue -19.2% YoY
$578,162
 Monthly Burn
$12,136
 Runway
3.2 months
Gross Margin
46%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/14/2021 StartEngine $6,500,000 $81,665 Equity - Common Funded RegCF
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Add to portfolio
Mountain West Cider on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,500,000
Price per Share: $1.00

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Follow Mountain West Cider on StartEngine

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Warning: according to the close date for this deal, Mountain West Cider may no longer be accepting investments.

Mountain West Cider Deal Report

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