Origin Beer Project
Brewery
Overview
Raised: $51,650
Total Commitments ($USD)
Platform
MainVest
Start Date
05/02/2023
Close Date
06/30/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
20
% of Min. Goal
103%
% of Max. Goal
52%
Likelihood of Max
Avg. Daily Raise
$1,324
# of Investors
95
Momentum
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
CRANSTON, Rhode Island
Origin Beer Project is raising funds on MainVest. The brewery is located in Cranston, Rhode Island, and makes balanced and flavorful mid to low-ABV beers. The business is focused on lower alcohol options as well as wine/beer and cider/beer hybrids and is hands-on from recipe, production, and branding to marketing. Cheyne Tessier and Erika Tessier founded Origin Beer Project in September 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for equipment purchases, purchasing existing assets, tasting room supplies, and permitting and licensing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$65,761 |
$56,804 |
|
COGS |
$38,548 |
$23,503 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,086 |
$2,762 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,625 |
$6,479 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,925 |
$6,479 |
|
Short-Term Debt |
$7,565 |
$2,225 |
|
Long-Term Debt |
$1,986 |
$2,170 |
|
Total Liabilities |
$9,551 |
$4,395 |
Financials as of: 05/02/2023
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