South Bend Brew Werks

South Bend Brew Werks

Closed: Jan. 2021

About this raise

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.

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Investment Overview

Invested this round: $100,000

Deal Terms

Total Commitments

Platform
MainVest
Start Date
11/18/2020
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    Open SEC Filing

Return Multiple

1.60X

Company & Team

Company

Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
South Bend, Indiana
Business Type
Life Style
Company Website
Visit Website

Team

Employees
15
Founder Name
Steve Lowe
Title
Owner & Head Brewer

Financials

 Revenue +11% YoY
$742,690
 Monthly Burn
Profitable
 Cash on Hand
$4,000
Gross Margin
70%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/24/2021 MainVest - $100,000 Revenue Share Funded RegCF
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South Bend Brew Werks on MainVest
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, South Bend Brew Werks may no longer be accepting investments.

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