South Bend Brew Werks
Brewery
Overview
Raised: $100,000
Total Commitments ($USD)
Platform
MainVest
Start Date
11/17/2020
Close Date
01/24/2021
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,493
# of Investors
191
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
South Bend Brew Werks, a brewery in South Bend, IN, is raising funds on MainVest. The brewery serves a variety of craft beer, including Stargazer IPA, Emily’s Grapefruit IPA, and Touchdown Cheezus Grilled Cheese. It is now planning to relocate to a new location. South Bend Brew Werks was founded by Steve Lowe in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $100,000, will be used towards space buildout and equipment & fixtures. South Bend Brew Werks’ new location will have 75% more capacity, outdoor patio seating, and doubled kitchen space to increase offerings.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$742,690 |
$671,598 |
|
COGS |
$220,645 |
$222,856 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$80,677 |
$7,276 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,000 |
$2,948 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$69,708 |
$45,936 |
|
Short-Term Debt |
$24,000 |
$24,000 |
|
Long-Term Debt |
$18,000 |
$42,000 |
|
Total Liabilities |
$42,000 |
$66,000 |
Financials as of: 11/17/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.