Origin Beer Project

Origin Beer Project

Brewery

Brewery

Overview

Raised this Round: 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    Open SEC Filing

Return Multiple

1.50X

Profit Share %

6.00%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

CRANSTON, Rhode Island

Business Type

Life Style

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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Origin Beer Project on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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