South Austin Brewery

South Austin Brewery

Texan brewery, makers of Evel Ale, the official Evel Knievel Tribute Beer

Texan brewery, makers of Evel Ale, the official Evel Knievel Tribute Beer

Overview

Raised this Round: Raised: $210,680

Platform

Wefunder

Start Date

10/25/2016

Close Date

02/24/2017

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Year Founded

2013

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Austin, Texas

South Austin Brewery is raising funds on Wefunder. It is a brewery based in Austin, Texas, that makes Evel Ale, the official Evel Knievel tribute beer. South Austin Brewery has licensing rights to Evel Ale and is distributing to over 900 stores in Texas, with plans to expand to 15 more states in 2017-18. The business has reported a two times growth year-over-year from 2014 to 2015 and is on track to hit $1 million in sales in 2017. Bryan Wallace founded South Austin Brewery in September 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing programs, sales resources, production, brewhouse equipment, and partnership development.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$576,766

$259,163

COGS

$105,073

$276,227

Tax

$0

$0

 

 

Net Income

$-181,769

$-561,639

Summary Balance Sheet

FY 2015 FY 2014

Cash

$23,347

$21,495

Accounts Receivable

$6,608

$13,610

Total Assets

$398,638

$52,042

Short-Term Debt

$259,736

$180,500

Long-Term Debt

$565,041

$580,124

Total Liabilities

$824,777

$760,624

Financials as of: 10/25/2016
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South Austin Brewery on Wefunder 2017
Platform: Wefunder
Security Type: Revenue Share

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