The MacMillan Spirit House
Whisky Bar
Overview
Raised: $75,450
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/09/2023
Close Date
12/25/2023
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
Active
Reporting Date
12/08/2023
Days Remaining
17
% of Min. Goal
126%
% of Max. Goal
61%
Likelihood of Max
Avg. Daily Raise
$2,602
# of Investors
34
Momentum
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
The MacMillan Spirit House is raising funds on Honeycomb. It is a neighborhood bar located in Fairfax, Virginia. The MacMillan Spirit House is known for its whiskeys and spirits, with a wide variety of tastings and a vast food menu. The business has been named one of the best bars in the Northern Virginia region and one of the best whiskey bars in the country by Whisky Advocate magazine. Emma Hand and Derek Anderson founded The MacMillan Spirit House in January 2018. 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 the construction of a second location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,799,685 |
$1,718,420 |
|
COGS |
$302,123 |
$570,538 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-75,448 |
$-155,522 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$80,332 |
$76,147 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$180,332 |
$176,147 |
|
Short-Term Debt |
$161,625 |
$168,346 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$161,625 |
$168,346 |
Financials as of: 11/09/2023
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