Origin Beer Project
Brewery
Overview
Raised: $57,650
Total Commitments ($USD)
Platform
MainVest
Start Date
05/01/2023
Close Date
06/30/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Profit Share %
6.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$977
# of Investors
120
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 05/01/2023
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