Voodoo Brewing Company
Growth Stage
Brewery
Overview
Raised: $481,520
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/26/2024
Close Date
04/29/2024
Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$20.74
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,766
# of Investors
297
Momentum
Funded
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Year Founded
2005
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Voodoo Brewing Company is raising funds on Honeycomb. The brewery is located in Meadville, Pennsylvania, and develops artisan beers. Voodoo Brewing Company has won several awards and is expanding rapidly, with franchises opening across the US. The business has five corporate pubs and a network of locally and independently owned franchise pubs. Matthew Rachocki and Curtis Rachocki founded Voodoo Brewing Company in November 2005. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, equipment, hiring, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$6,782,973 |
$6,078,445 |
|
COGS |
$2,310,507 |
$2,338,941 |
|
Tax |
$-208,085 |
$6,516 |
| ||
| ||
|
Net Income |
$-584,191 |
$-221,791 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$80,686 |
$112,424 |
|
Accounts Receivable |
$72,430 |
$136,745 |
|
Total Assets |
$4,247,659 |
$4,426,060 |
|
Short-Term Debt |
$866,473 |
$642,534 |
|
Long-Term Debt |
$1,942,864 |
$2,237,719 |
|
Total Liabilities |
$2,809,337 |
$2,880,253 |
Financials as of: 02/26/2024
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