Overview
Raised: $182,300
Total Commitments ($USD)
Platform
MainVest
Start Date
11/24/2020
Close Date
04/27/2021
Min. Goal
$150,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,184
# of Investors
105
Momentum
Funded
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Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
JK Williams Distilling, a distillery in Peoria, IL, is raising crowdfunding on MainVest. The company makes exclusive craft whiskey using high-quality grains, and top-notch craftsmanship passed down four generations of JK Williams. Andrew Faris founded JK Williams Distilling in 2012. The current round of crowdfunding of the company has a minimum raise of $150,000 and a maximum raise of $250,000, and the funds will be used towards the website, marketing, rebranding, retail inventory for the tasting room, and bottling of existing inventory. JK Williams Distilling plans to relocate its retail location to a new space and build out a tasting room.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$63,306 |
|
COGS |
$3,200 |
$14,076 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-52,461 |
$-81,111 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$206,444 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$51,640 |
$0 |
|
Total Liabilities |
$51,640 |
$0 |
Financials as of: 11/24/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| JK Williams Distilling | 07/15/2021 | MainVest | - | $2,100 | Revenue Share | Not Funded | RegCF |
| JK Williams Distilling | 04/27/2021 | MainVest | - | $182,300 | Revenue Share | Funded | RegCF |
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