Tapville
Early Stage
A technology integrated taproom franchise
Overview
Raised: $509,364
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/11/2021
Close Date
06/29/2022
Min. Goal
$10,000
Max. Goal
$3,930,000
Min. Investment
$200
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$6.25
Pre-Money Valuation
$28,132,800
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,582
# of Investors
417
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Tapville, with a $28.1 million pre-money valuation, is raising funds on StartEngine. The company offers a technology-inspired food and beverage franchising concept that uses self-service technology and advanced data analytics. The technology helps in cutting costs and optimizing the customer experience. Joseph Tota founded Tapville in June 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $3,930,000, will be used for growth and expansion. Tapville currently has two affiliate locations that have generated over $5 million in lifetime revenues. The contactless concept of Tapville is expected to thrive during and post-COVID-19. The franchising opportunities come as brick and mortar, kiosk, and mobile kiosk, and revenues come through royalties and franchise fees.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$99,474 |
$10,629 |
|
COGS |
$50,600 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-288,702 |
$-9,115 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$124,054 |
$1,886 |
|
Accounts Receivable |
$40,697 |
$1,842 |
|
Total Assets |
$269,425 |
$112,673 |
|
Short-Term Debt |
$2,213 |
$1,788 |
|
Long-Term Debt |
$0 |
$100,000 |
|
Total Liabilities |
$2,213 |
$101,788 |
Financials as of: 08/11/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Tapville | 09/28/2023 | StartEngine | $39,541,608 | $123,405 | Equity - Common | Funded | RegCF |
| Tapville | 06/29/2022 | StartEngine | $28,132,800 | $509,364 | Equity - Common | Funded | RegCF |
| Tapville | 04/26/2021 | StartEngine | $4,500,000 | $1,070,000 | Equity - Common | Funded | RegCF |
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