Succession Fermentory

Succession Fermentory

[Closed for Investment] Succession Fermentory is raising funds on Honeycomb. It is a mission-driven brewery and fermentory in Avondale, Pennsylvania, that specializes in cider, farmhouse-style beer, and fermented fruit beverages. Succession Fermentory brews with 100% locally and regionally sourced ingredients and also incorporates honey from StellaLou Farm’s apiary into many of its fermented beverages. The business supports regional agriculture and has received recognition in many publications. Justin Kerber, Benjamin Devon, and Keith Hartwig founded Succession Fermentory in July 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing kitchen equipment, new draft lines, bar equipment, furniture, and serveware, refinancing high-interest debt, and construction materials for the taproom.

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Investment Overview

Raised this Round: Raised: $40,150

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
03/19/2024
Close Date
04/18/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Avondale, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Justin Kerber
Title
Co-Owner
Founder Name
Benjamin Devon
Title
Co-Owner, Partner
Founder Name
Keith Hartwig
Title
Co-Owner

Financials

as of Fiscal Year 2023
 Revenue
$145,068
 Monthly Burn
$750
 Runway
0.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$145,068

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-9,003

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$332

$0

Accounts Receivable

$1,560

$0

Total Assets

$128,541

$0

Short-Term Debt

$14,373

$0

Long-Term Debt

$99,104

$0

Total Liabilities

$113,477

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/18/2024 Honeycomb - $40,150 Debt Funded RegCF
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Succession Fermentory on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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