Voodoo Brewing Company

Voodoo Brewing Company

Growth Stage

Brewery

Brewery

Overview

Raised to Date: Raised: $355,729

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/26/2024

Close Date

04/27/2024

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$20.74

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

12

% of Min. Goal

356%

% of Max. Goal

36%

Likelihood of Max
unlikely
Avg. Daily Raise

$7,260

# of Investors

234

Momentum
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Year Founded

2005

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Meadville, Pennsylvania

Business Type

Growth

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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Voodoo Brewing Company on Honeycomb 2024
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $20.74

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