Rustech Brewing

Rustech Brewing

Closed: Jun. 2023

About this raise

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).

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Investment Overview

Invested this round: $33,500

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
12/20/2022
Close Date
06/15/2023
Min. Goal
$10,000
Max Goal
$100,000
Min. Investment

$1,000

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Capital Intensity
Location
Monticello, Minnesota
Company Website
Visit Website

Team

Employees
14

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$1,713
as of FY2021
 Runway
0 months
as of FY2021
 Gross Margin
81%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$348,213

$297,560

COGS

$65,010

$60,865

Tax

$18,979

$14,088

 

 

Net Income

$-20,561

$-38,924

Summary Balance Sheet

FY 2021 FY 2020

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/15/2023 Silicon Prairie Online - $33,500 Convertible Note Funded RegCF
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Rustech Brewing on Silicon Prairie 2022
Platform: Silicon Prairie Online
Security Type: Convertible Note

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Warning: according to the close date for this deal, Rustech Brewing may no longer be accepting investments.

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