This company is no longer in business. Investors can get details about any potential exits or failures here.
Eight Bridges Brewing
Early Stage
No Compromise – Just Really Good Beer
Overview
Raised: $102,678
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/02/2019
Close Date
04/29/2020
Min. Goal
$9,999
Max. Goal
$106,993
Min. Investment
$298
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.55
Pre-Money Valuation
$3,010,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$694
# of Investors
80
Momentum
Funded
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Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Eight Bridges Brewing, with a pre-money valuation of $3.01 million, is raising funds on StartEngine. Eight Bridges Brewing is a family-owned production brewery that focuses on delivering a great beer experience. The company produces over 80 different beers in more than 30 different styles to remain ahead of the competition in the craft beer market. Eight Bridges Brewing is headed by George Beardsley and was founded in February 2014. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used to open five new taprooms throughout the bay area. Eight Bridges Brewing has developed its own carbonating system and created a brand for itself with its healthy and flavourful beers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$369,422 |
$389,386 |
|
COGS |
$227,276 |
$222,682 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-77,121 |
$-85,583 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$27,142 |
$7,387 |
|
Accounts Receivable |
$12,114 |
$14,281 |
|
Total Assets |
$122,757 |
$119,633 |
|
Short-Term Debt |
$110,596 |
$85,155 |
|
Long-Term Debt |
$234,167 |
$179,367 |
|
Total Liabilities |
$344,763 |
$264,522 |
Financials as of: 12/02/2019
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