Old Majestic Brewing Co
Brewery
Overview
Raised: $6,200
Total Commitments ($USD)
Platform
MainVest
Start Date
12/28/2020
Close Date
05/03/2021
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/01/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$50
# of Investors
23
Momentum
Not Funded
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Year Founded
2016
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Old Majestic Brewing Co, a brewery in Mobile, AL, is raising funds on MainVest. The brewery offers a beer-drinking experience with its brews crafted with select hops. Some of the delicious craft beers of Old Majestic Brewing Co include Majestic Blonde, Four Fathers’ Stout, and Reflections IPA. John Minton and Chad Marchand founded Old Majestic Brewing Co in 2016. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $150,000, will be used to ramp up distribution and purchase equipment for canning. Old Majestic Brewing Co aims to provide a noble presence to its beers and offer the customers the best-quality handcrafted beer.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$13,039 |
$0 |
|
COGS |
$12,713 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$326 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$38,785 |
$33,009 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$697,367 |
$441,650 |
|
Short-Term Debt |
$2,469 |
$293,797 |
|
Long-Term Debt |
$682,000 |
$0 |
|
Total Liabilities |
$684,469 |
$293,797 |
Financials as of: 12/28/2020
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