Succession Fermentory

Succession Fermentory

Brewery

Brewery

Overview

Raised to Date: Raised: $30,800

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/18/2024

Close Date

04/17/2024

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

2

% of Min. Goal

123%

% of Max. Goal

62%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,100

# of Investors

38

Momentum
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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

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.

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

Financials as of: 03/18/2024
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Succession Fermentory on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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