Copperworks Distilling Company

Deal To Watch
BETA

2018 "Distillery of The Year" intends to double whiskey production and sales

Analytics

Raised to Date: $760,208

Aggregate Commitments $
Platform

Wefunder

Start Date

03/05/2020

Close Date

04/29/2020

Min. Goal

$250,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$7,850,052

Weekly Commitments $
Status
Funded
Reporting Date

05/03/2020

Days Remaining
Funded
% of Min. Goal

304%

% of Max. Goal

71%

Likelihood of Max
Funded
Avg. Daily Raise

$13,822

# of Investors

413

Momentum
Funded
Location

Seattle, Washington

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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

last updated 07/18/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

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.
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