The Craft of Brewing

The Craft of Brewing

Closed: Dec. 2021

About this raise

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.

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Investment Overview

Invested this round: $59,700

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
01/05/2021
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    Open SEC Filing

Return Multiple

1.35X

Company & Team

Company

Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Leesburg, Virginia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Douglas Travers
Title
CEO
Founder Name
Chitra Sivanandam
Title
CFO

Financials

 Revenue +72% YoY
$306,352
 Monthly Burn
$32,548
 Runway
1.5 months
Gross Margin
78%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2021 MainVest - $59,700 Revenue Share Funded RegCF
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The Craft of Brewing on MainVest
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, The Craft of Brewing may no longer be accepting investments.

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