The Craft of Brewing
Brewery
Overview
Raised: $59,700
Total Commitments ($USD)
Platform
MainVest
Start Date
01/04/2021
Close Date
12/31/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.35X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$166
# of Investors
68
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
The Craft of Brewing, a brewery in Ashburn, VA, is raising funds on MainVest. The brewery has a taproom with 20 taps on the self-service wall and 14 taps behind the wall. It also offers an education-focused brewing experience and enables homebrewers to brew 20 liters or 50 liters batches onsite. Douglas Travers and Chitra Sivanandam founded The Craft of Brewing in 2014. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for distribution expansion, e-commerce expansion, working capital, and debt refinancing. The Craft of Brewing is a young brewery focused on spreading brand awareness and cultivating flagship labels.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$306,352 |
$177,944 |
|
COGS |
$67,531 |
$86,698 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-390,571 |
$-717,967 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$47,721 |
$109,817 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$152,051 |
$245,913 |
|
Short-Term Debt |
$244,451 |
$85,250 |
|
Long-Term Debt |
$226,623 |
$168,115 |
|
Total Liabilities |
$471,074 |
$253,365 |
Financials as of: 01/04/2021
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