FruitCraft Fermentery & Distillery

Neutral
BETA

Fruit-based alcohol. Community-owned. Social value.

Analytics

Raised to Date: $20,850

Aggregate Commitments $
Platform

Wefunder

Start Date

08/10/2020

Close Date

10/18/2020

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

22

% of Min. Goal

42%

% of Max. Goal

2%

Likelihood of Max
Avg. Daily Raise

$474

# of Investors

29

Momentum
Location

San Diego, CA

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

FruitCraft Fermentery & Distillery, a social value cooperative, is raising crowdfunding on Wefunder. The company is owned and run by laborers, consumers, and investors that manufacture fruit-based alcohol and use the profits to create social value. The products of FruitCraft Fermentery & Distillery include hard seltzer, hard cider, mead, hard Kombucha, wine from fruit, and craft spirits. Alan Haghighi founded FruitCraft Fermentery & Distillery in 2013 and has raised over $4.4 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,000,000, and the funds will be used for business development, debt consolidation, new hires, and franchising infrastructure. FruitCraft Fermentery & Distillery became profitable in October 2019 and generated over $70,000 in revenue for the month. The annual revenues increased from $472,000 in 2018 to $687,000 in 2019.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$472,841

$335,834

COGS

$79,347

$113,733

Tax

$7,420

$103,950

 

 

Net Income

$-255,244

$-625,887

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$24,547

$20,717

Accounts Receivable

$434

$858

Total Assets

$942,604

$954,645

Short-Term Debt

$130,464

$173,125

Long-Term Debt

$219,885

$0

Total Liabilities

$350,349

$494,653

Other Deals

AsomBroso Tequila on StartEngine

The AsomBroso Tequila team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved…

Crowd
Cornbread Hemp on Wefunder

The Cornbread Hemp team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved…

Crowd
Grady’s Cold Brew on StartEngine

Grady’s Cold Brew has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add FruitCraft Fermentery & Distillery on Wefunder
Follow company
Follow FruitCraft Fermentery & Distillery on Wefunder