Two Beagles Distilling
CIDERY/WINERY
Overview
Raised: $4,500
Total Commitments ($USD)
Platform
MainVest
Start Date
05/26/2021
Close Date
08/04/2021
Min. Goal
$80,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/03/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$65
# of Investors
9
Momentum
Not Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Two Beagles Distilling, an upcoming cidery, winery, and tasting room in Fredericksburg, VA, is raising funds on MainVest. The business will use its knowledge of manufacturing spirits, mead, and hard cider into creating its products. The cidery and winery will be located at an excellent location. Craig Ennis founded Two Beagles Distilling in June 2020. The proceeds of the current crowdfunding round, with a minimum target of $80,000 and a maximum target of $200,000, will be used for space acquisition, equipment purchase, utilities, operating capital, kitchen buildout, and licensing fees. Two Beagles Distilling is competing with only two other cideries and eleven craft breweries in the area.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-9,696 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$50 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/26/2021
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