Rustech Brewing
Early Stage
Welcome to RUSTECH BREWING Company!
Overview
Raised: $33,500
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
12/19/2022
Close Date
06/15/2023
Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment
$1,000
Security Type
Convertible Note
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$189
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Monticello, Minnesota
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
| 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 |
Financials as of: 12/19/2022
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