Medford Brewing Company on Wefunder

Profitable MA beermaker opening own brewery, first in Medford.

Raise to date: $283,999

Reporting Date: 05/31/2019

Key Stats

Minimum Raise

$60,000

Maximum Raise

$701,000

Likelihood of Max Unlikely
Start Date

02/28/2019

Stop Date

05/24/2019

Days Remaining

19999878

Security Type

Revenue Share

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Confirmed Closed

# of Investors

489

% of Minimum Raised

473%

% of Maximum Raised

41%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$3,341

DPD* Category

$1,023

DPD* All Companies

$1,085

Kingscrowd Momentum

$283,999

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Medford Brewing Company, a Massachusetts based beer maker, is raising funds on WeFunder. The company has been a profitable beer maker for over two years and plans to open a brewery now. It creates four different styles of brewed beer using locally-grown hop. The product lines include American Pale Ale, American Golden Ale, India Pale Ale, and Double India Pale Ale. Medford Brewing Company was founded by Nick Bolitho and Max Heinegg in 2016. The proceeds of the current crowdfunding round, with a maximum target of $701,000, will be used to open the first brewery in Medford. The products of Medford Brewing Company are already available in more than 150 stores, and the company operates at a per barrel profit margin of 27%. The current quarterly revenues are $48,192 which are expected to increase to $346,591 after the brewery opens.

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