The Craft of Brewing

The Craft of Brewing

Brewery

Brewery

Overview

Raised to Date: Raised: $59,700

Total Commitments ($USD)

Platform

MainVest

Start Date

01/04/2021

Close Date

12/30/2021

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

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

Location

Leesburg, Virginia

Business Type

Life Style

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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The Craft of Brewing on MainVest
Platform: MainVest
Security Type: Revenue Share

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