Brownrigg Hard Cider

Neutral
BETA

Award-winning producer of fast-selling and distinct hard apple cider

Analytics

Raised to Date: $78,025

Aggregate Commitments $
Platform

Wefunder

Start Date

09/16/2020

Close Date

02/20/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

32

% of Min. Goal

156%

% of Max. Goal

31%

Likelihood of Max
Avg. Daily Raise

$634

# of Investors

86

Momentum
Location

Seattle, Washington

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Brownrigg Hard Cider, a manufacturer of hard apple cider, is raising crowdfunding on Wefunder. It is a 20-barrel craft cidery and taproom in the SODO neighborhood of Seattle. The cider made by the company is of high quality and uses unique recipes. The ingredients, including apples, pears, plums, cherries, figs, and herbs, are directly sourced from the company’s West Seattle orchard. Christopher Scott Brownrigg founded Brownrigg Hard Cider in 2014 and has raised over $200,000 since its founding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for business operations, taproom improvement, and payment of the accumulated debt. Brownrigg Hard Cider’s combined wholesale and retail sales went up by 173% in 2019 compared to 2018.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$104,723

$35,115

COGS

$14,233

$17,137

Tax

$2,756

$966

 

 

Net Income

$18,836

$-45,967

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,932

$0

Accounts Receivable

$4,045

$38,488

Total Assets

$68,696

$63,486

Short-Term Debt

$8,560

$22

Long-Term Debt

$0

$0

Total Liabilities

$8,560

$22

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