Revelation Ale Works

Revelation Ale Works

Early Stage

Revelation Ale Works is MN's Ultra-Rural Brewery Found At Over 240 Locations!

Revelation Ale Works is MN's Ultra-Rural Brewery Found At Over 240 Locations!

Overview

Raised to Date: Raised: $156,022

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/05/2021

Close Date

09/02/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,700,000

Valuation Cap

$3,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,311

# of Investors

172

Momentum
Funded
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Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Hallock, Minnesota

Business Type

Life Style

Company Website

Revelation Ale Works, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The business works as breweries in multiple locations and offers house-made root beer and pizza. The breweries are located at 240 locations and also raises funds for local causes. Ryan Evenson and Lindsey Evenson founded Revelation Ale Works in 2015. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $250,000, and the funds will be used to add employees, eliminate debt, and improve cash flow. Revelation Ale Works is focused on the community and has given back over $10,000 per year back to the community.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$715,833

$632,662

COGS

$213,171

$148,950

Tax

$15,276

$13,587

 

 

Net Income

$50,630

$5,082

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$36,789

$38,294

Accounts Receivable

$0

$0

Total Assets

$717,473

$493,348

Short-Term Debt

$89,438

$204,355

Long-Term Debt

$738,318

$447,158

Total Liabilities

$827,756

$651,513
Financials as of: 05/05/2021
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Revelation Ale Works on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,000,000

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