Woods Beer & Wine
Growth Stage
Homegrown Beer, Wine, & Taprooms Expanding
Overview
Raised: $171,500
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/09/2023
Close Date
01/24/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
53
% of Min. Goal
343%
% of Max. Goal
14%
Likelihood of Max
Avg. Daily Raise
$3,176
# of Investors
38
Momentum
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Year Founded
2006
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Woods Beer & Wine is raising funds on Wefunder. It is a family of brewpubs, bars, and wineries around San Francisco, California. Woods Beer & Wine makes small-batch beer and wine inspired by nature and tradition and sells through retail and wholesale markets. The business currently has a family of five taprooms in the San Francisco area and plans to open another one in San Anselmo soon. Jim Woods founded Woods Beer & Wine in August 2006. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for tenant improvements in San Anselmo and FFE and aesthetic improvements in Cole Valley in San Francisco.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,491,790 |
$2,078,634 |
|
COGS |
$799,230 |
$658,353 |
|
Tax |
$287,196 |
$14,268 |
| ||
| ||
|
Net Income |
$-838,890 |
$67,272 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$179,236 |
$39,488 |
|
Accounts Receivable |
$36,010 |
$28,912 |
|
Total Assets |
$1,697,646 |
$908,249 |
|
Short-Term Debt |
$966,740 |
$913,048 |
|
Long-Term Debt |
$2,858,404 |
$1,283,809 |
|
Total Liabilities |
$3,825,144 |
$2,196,857 |
Financials as of: 10/09/2023
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