Culmination Brewing

Culmination Brewing

A locally-owned craft brewery

A locally-owned craft brewery

Overview

Raised to Date: Raised: $423,570

Total Commitments ($USD)

Platform

SMBX

Start Date

10/26/2020

Close Date

01/31/2021

Min. Goal
$250,000
Max. Goal
$400,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,412

Momentum
Funded
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Year Founded

2013

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Portland, Oregon

Business Type

Life Style

Culmination Brewing, a locally-owned craft brewery, is raising funds on SMBX. The brewery focuses on innovation and combines good food, excellent beer, friends, and family to create memories and smiles. The taproom serves innovative and refined beers along with a mighty food menu. Tomas Sluiter founded Culmination Brewing in 2013. The proceeds of the current crowdfunding campaign, with a minimum raise of $250,000 and a maximum raise of $400,000, will be used to purchase new brewing equipment and invest in cans and labor costs. Culmination Brewing plans to expand through a new can line, more cellar tanks, a hot side expansion, new taprooms across the Pacific Northwest, and a brewery in Japan.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,502,406

$1,276,464

COGS

$1,019,672

$813,314

Tax

$33,235

$20,341

 

 

Net Income

$1,440

$-25,154

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$27,320

$20,833

Accounts Receivable

$56,825

$32,716

Total Assets

$658,094

$692,919

Short-Term Debt

$457,933

$501,767

Long-Term Debt

$81,152

$73,583

Total Liabilities

$539,085

$575,350

Financials as of: 10/26/2020
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Culmination Brewing on SMBX
Platform: SMBX
Security Type: Debt

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