Portico Brewing Company
Brewery
Overview
Raised: $117,700
Total Commitments ($USD)
Platform
MainVest
Start Date
08/06/2020
Close Date
10/28/2020
Min. Goal
$75,000
Max. Goal
$175,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,435
# of Investors
186
Momentum
Funded
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Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Portico Brewing Company, a brewery at Cambridge, MA, is raising crowdfunding on MainVest. The company contract brews at Ipswich Ale Brewery and distributes beers throughout Massachusetts. Portico Brewing Company combines traditional brewing styles and classic ingredients with innovative ingredients to create a refined and accessible product. Alex Zielke and Alex Rabe founded Portico Brewing Company in 2012. The proceeds of the current crowdfunding round, with a minimum target of $75,000 and a maximum target of $175,000, will be used to build a brick-and-mortar brewery and taproom in Somerville, MA. Portico Brewing Company will continue to contract brew and distribute beers in addition to creating new and innovative beers for its taproom.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$40,582 |
$41,087 |
|
COGS |
$31,103 |
$31,093 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-31,795 |
$-8,914 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,155 |
$16,129 |
|
Accounts Receivable |
$7,102 |
$8,197 |
|
Total Assets |
$51,964 |
$40,628 |
|
Short-Term Debt |
$21,530 |
$14,400 |
|
Long-Term Debt |
$121,553 |
$85,553 |
|
Total Liabilities |
$143,083 |
$99,953 |
Financials as of: 08/06/2020
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