The Block Distilling Co.
Early Stage
A craft distillery making #everydamndrop in house.
Overview
Raised: $685,263
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/17/2021
Close Date
03/31/2022
Min. Goal
$250,000
Max. Goal
$1,069,999
Min. Investment
$500
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.72
Pre-Money Valuation
$7,340,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,684
# of Investors
354
Momentum
Funded
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
The Block Distilling Co., with a pre-money valuation of $7.34 million, is raising crowdfunding on Wefunder. It is a craft distillery that makes small-batch spirits from start to finish in-house. Some of the products of The Block Distilling Co. include Four Grain Straight Whiskey, Summer Gin, Spring Gin, and Autumn Gin. Kraig Weaver, Michelle Weaver, and Cameron Weaver founded The Block Distilling Co. in 2015 and raised $1.5 million since the inception. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,069,999, will be used to fund expansion construction and hire an additional distillery assistant. The Block Distilling Co. has sold 120,000 drinks and 8,000 bottles and generated $1.85 million in lifetime sales since opening.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$568,476 |
$416,713 |
|
COGS |
$144,482 |
$107,350 |
|
Tax |
$8,727 |
$2,711 |
| ||
| ||
|
Net Income |
$-278,707 |
$-217,535 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$76,566 |
$13,979 |
|
Accounts Receivable |
$4,932 |
$8,993 |
|
Total Assets |
$1,661,950 |
$1,331,564 |
|
Short-Term Debt |
$823,921 |
$328,561 |
|
Long-Term Debt |
$811,006 |
$852,639 |
|
Total Liabilities |
$1,634,927 |
$1,181,200 |
Financials as of: 02/17/2021
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