South Bend Brew Werks

Growth Stage

Brewery

Analytics

Raised to Date: Raised: $100,000

Aggregate 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

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$1,493

# of Investors

191

Momentum
Funded
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Location

South Bend, Indiana

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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: 11/18/2020
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South Bend Brew Werks on MainVest
$
Platform: MainVest
Security Type: Revenue Share

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