Copperworks Distilling Company
2018 "Distillery of The Year" intends to double whiskey production and sales
Analytics
Raised to Date: $760,208
Aggregate Commitments $
Wefunder
03/05/2020
04/29/2020
$250,000
$1,070,000
$500
Equity - Common
RegCF
Seed
$7,850,052
Weekly Commitments $
05/03/2020
304%
71%
$13,822
413
Seattle, Washington
Food, Beverage, & Restaurants
Non-Tech
B2B/B2C
High
High
Copperworks Distilling Co., with a pre-money valuation of $7.85 million, is raising funds on WeFunder. The company produces gin, vodka, and American Single Malt whiskey from the base of malted barley. Copperworks Distilling sells both through its retail store and distribution to restaurants, bars, grocery stores, and liquor stores. The distillery was founded by Jason Parker and Micah Nutt in 2011 and has raised more than $2.9 million since its inception. The funds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used towards increased whiskey production, production equipment, sales staff and support for Washington and new markets, advertising, and new site planning. Copperworks Distilling Co. has been growing its revenues and sales volumes, with revenue of $915,000 in 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$857,229 |
$767,457 |
|
COGS |
$400,991 |
$382,706 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-17,886 |
$-30,084 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$42,650 |
$35,109 |
|
Accounts Receivable |
$38,388 |
$41,086 |
|
Total Assets |
$2,369,835 |
$2,304,001 |
|
Short-Term Debt |
$298,862 |
$215,142 |
|
Long-Term Debt |
$1,646,122 |
$0 |
|
Total Liabilities |
$1,944,984 |
$1,861,264 |
Ratings
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Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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