Steady Habit Brewing Company
About this raise
Steady Habit Brewing Company, a craft brewery in Connecticut, is raising funds on Wefunder. The brewery manufactures and distributes hand-crafted beer and also has a taproom to accommodate over 200 guests. Steady Habit Brewing Company was founded in 2014 as a 2.5 barrel brewing system. However, the current owners Jim Venditti, Amy Venditti, and Scott Cross are ready to move to a 15 barrel brewhouse, increasing their production by over 500%. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $350,000, will be used to pay off investor and equipment loans, reimburse expenses for new brewery locations, and manage brewery and taproom inventory. Steady Habit Brewing Company is already an established brand with steady growth. The new location will only help in putting it in a better place.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/22/2020
- Close Date
- 10/07/2020
$50,000
$350,000
$100
Revenue Share
RegCF
2.25X
Company & Team
Company
- Year Founded
- 2017
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $91,639
- Monthly Burn
- $358
-
Runway
- 24+ months
- Gross Margin
- 53%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/07/2020 | Wefunder | - | $0 | Revenue Share | Not Funded | RegCF |
