State House Distilling by Drink Mechanics
Early Stage
A 200-seat micro-distillery
Overview
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
SEC Filing Type
RegCF
Price Per Share
$30.00
Pre-Money Valuation
$3,076,920
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/11/2024
Days Remaining
47
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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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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