Daleview Biscuit and Beer
Brewery/Cafe
Overview
Raised: $94,300
Total Commitments ($USD)
Platform
MainVest
Start Date
05/24/2020
Close Date
08/12/2020
Min. Goal
$75,000
Max. Goal
$208,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.80X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,194
# of Investors
127
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Daleview Biscuit and Beer, a brewery and cafe in Brooklyn, NY, is raising funds on MainVest. The microbrewery and kitchen has brought the culture and cuisine of the black neighborhood in South Carolina to Brooklyn. The offerings include beer and the official Brooklyn Biscuit. Daleview Biscuit and Beer was founded by Chris Gandsby, a native of a small black neighborhood in Dale View, South Carolina. The current crowdfunding campaign of the brewery and kitchen has a minimum target of $75,000 and a maximum target of $208,000, and the funds will be used for securing a new lease for the second location, building out the new space, kitchen buildout, space design, draft installation, inventory, and startup operation cost. Daleview Biscuit and Beer reported revenue of $246,000 in 2019 with a gross profit margin of 72%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$44,325 |
$242,024 |
|
COGS |
$25,929 |
$121,024 |
|
Tax |
$1,575 |
$3,350 |
| ||
| ||
|
Net Income |
$-44,682 |
$22,433 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,835 |
$3,259 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$160,032 |
$153,787 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/24/2020
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