Temperance Beer Co
Brewery
Overview
Raised: $124,001
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/13/2023
Close Date
01/28/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,756
# of Investors
81
Momentum
Funded
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Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Temperance Beer Co is raising funds on Honeycomb. It is a production craft brewery with a taproom in Evanston, Illinois. Temperance Beer Co is Evanston’s oldest and first brewery and is known for its award-winning and accessible beers. The business has won several awards and has been featured in numerous media, including Fox32 Chicago, Zagat, Red Eye, TimeOut Chicago, and the New York Times. Joshua Gilbert founded Temperance Beer Co in January 2012. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for CO2 capture equipment, new recipe development, marketing, new taproom equipment, and refinancing debt.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$551,680 |
$1,404,466 |
|
COGS |
$339,372 |
$792,506 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-173,269 |
$-47,344 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$50,980 |
$172,758 |
|
Accounts Receivable |
$49,041 |
$102,705 |
|
Total Assets |
$910,291 |
$1,115,253 |
|
Short-Term Debt |
$139,770 |
$44,717 |
|
Long-Term Debt |
$1,110,574 |
$910,469 |
|
Total Liabilities |
$1,250,344 |
$955,186 |
Financials as of: 12/13/2023
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