State House Distilling by Drink Mechanics

State House Distilling by Drink Mechanics

Early Stage

A 200-seat micro-distillery

A 200-seat micro-distillery

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

04/07/2024

Close Date

06/28/2024

Min. Goal
$10,020
Max. Goal
$360,000
Min. Investment

$120

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$30.00

Pre-Money Valuation

$3,076,920

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/25/2024

Days Remaining

33

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Hartford, Connecticut

State House Distilling by Drink Mechanics, with a valuation of $3.1 million, is raising funds on NetCapital. It is an upcoming 200-seat micro-distillery in Hartford, Connecticut. State House Distilling by Drink Mechanics will offer manufacturing, craft drinks, fine dining, modern Latin cuisine, live entertainment, and a 32-line draft system for craft cocktails. The distillery has received a $300,000 grant from the city of Hartford and is already selling canned cocktails on the wholesale market in Connecticut. Aaron Stepka founded State House Distilling by Drink Mechanics in December 2021. The current crowdfunding campaign has a minimum target of $10,020 and a maximum target of $360,000. The campaign proceeds will be used for construction costs, equipment purchases, and legal and administrative fees.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$18,109

$0

Accounts Receivable

$0

$0

Total Assets

$2,091,609

$0

Short-Term Debt

$0

$0

Long-Term Debt

$2,016,609

$0

Total Liabilities

$2,016,609

$0

Financials as of: 04/07/2024
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State House Distilling by Drink Mechanics on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $3,076,920
Price per Share: $30.00

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