Otherwise Brewing

Early Stage
Gluten-free beer
Overview
Raised: $42,320
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
112
% of Min. Goal
169%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$1,032
# of Investors
57
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Otherwise Brewing, with a valuation of $2.5 million, is raising funds on MicroVentures. The company makes gluten-free beer using its proprietary process and eco-friendly ingredients. Otherwise Brewing has won several awards and sells its products in more than 250 retail locations, including Total Wine & More, Whole Foods, K&L Wine, and BevMo! Otherwise Brewing has multiple repeat customers and doubled its sales in 2022 compared to 2021. Aaron Gervais and Stellar Cassidy founded Otherwise Brewing in June 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, sales and taproom staff, taproom acquisition, and taproom buildout.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$203,378 |
$109,512 |
COGS |
$116,163 |
$51,728 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-59,385 |
$-48,852 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$63,557 |
$89,770 |
Accounts Receivable |
$17,175 |
$7,873 |
Total Assets |
$127,326 |
$143,151 |
Short-Term Debt |
$19,886 |
$1,327 |
Long-Term Debt |
$150,000 |
$125,000 |
Total Liabilities |
$169,886 |
$126,327 |
Financials as of: 02/14/2023
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