Rustech Brewing

Early Stage

Welcome to RUSTECH BREWING Company!

Overview

Raised to Date: Raised: $31,000

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

12/20/2022

Close Date

06/07/2023

Min. Goal

$10,000

Max. Goal

$100,000

Min. Investment

$1,000

Security Type

Convertible Note

Funding Type

RegCF

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/03/2023

Days Remaining

124

% of Min. Goal

310%

% of Max. Goal

31%

Likelihood of Max
likely
Avg. Daily Raise

$689

Momentum
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Location

Monticello, Minnesota

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Rustech Brewing is raising funds on Silicon Prairie Online. It is a 5 barrel brewery onsite with up to 20 beers on taps at any given time. The Brewery has two tasting rooms. Rustech Brewing is looking to expand the brewhouse area with 2 to 4 more tanks and upgrade the keg washer from Manual to Automatic. Penny and Bill Burt founded Rustech Brewing in May 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for working capital, accounting, audits operational and additional equipment (more tanks, equipment hook up and upgrade).

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$348,213

$297,560

COGS

$65,010

$60,865

Tax

$18,979

$14,088

 

 

Net Income

$-20,561

$-38,924

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$742

$0

Total Assets

$237,349

$35,841

Short-Term Debt

$0

$18,500

Long-Term Debt

$780,294

$0

Total Liabilities

$780,294

$18,500

Financials as of: 12/20/2022
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Rustech Brewing on Silicon Prairie 2022
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Platform: Silicon Prairie Online
Security Type: Convertible Note

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