Old Humble Distilling Company
Distillery
Overview
Raised: $54,100
Total Commitments ($USD)
Platform
MainVest
Start Date
12/03/2020
Close Date
04/21/2021
Min. Goal
$31,800
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.80X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$392
# of Investors
67
Momentum
Funded
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Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Old Humble Distilling Company, a distillery in Humble, TX, is raising crowdfunding on MainVest. The distillery makes a variety of bourbon that reflects the true taste and texture of Texas. The current offerings of Old Humble Distilling Company include Straight Whiskey, Special Reserve Whiskey, and Boomtown Bourbon, while it soon plans to introduce Lumberyard Rye, JP’s Peach Brandy, Old Humble’s Rice Whiskey, and Old Humble Black Magic Coffee Liquer. Joseph Breda founded Old Humble Distilling Company in 2013. The proceeds of the current crowdfunding campaign, with a minimum goal of $100,000 and a maximum goal of $250,000, will be used towards equipment, distilling personnel, tasting room and event space, and marketing. Old Humble Distilling Company believes in a single mission of making the best bourbon and has been doing the same for years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$50,043 |
$57,869 |
|
COGS |
$13,970 |
$18,279 |
|
Tax |
$375 |
$4,026 |
| ||
| ||
|
Net Income |
$-24,984 |
$-19,403 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$25,540 |
$5,050 |
|
Accounts Receivable |
$34,638 |
$5,518 |
|
Total Assets |
$81,984 |
$18,407 |
|
Short-Term Debt |
$26,000 |
$26,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$26,000 |
$26,000 |
Financials as of: 12/03/2020
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