Steady Habit Brewing Company

Steady Habit Brewing Company

We're moving on up! So "hop in" and we can take this ride together!

We're moving on up! So "hop in" and we can take this ride together!

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/21/2020

Close Date

10/07/2020

Min. Goal
$50,000
Max. Goal
$350,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.25X

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/06/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Moodus, Connecticut

Business Type

Life Style

Steady Habit Brewing Company, a craft brewery in Connecticut, is raising funds on Wefunder. The brewery manufactures and distributes hand-crafted beer and also has a taproom to accommodate over 200 guests. Steady Habit Brewing Company was founded in 2014 as a 2.5 barrel brewing system. However, the current owners Jim Venditti, Amy Venditti, and Scott Cross are ready to move to a 15 barrel brewhouse, increasing their production by over 500%. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $350,000, will be used to pay off investor and equipment loans, reimburse expenses for new brewery locations, and manage brewery and taproom inventory. Steady Habit Brewing Company is already an established brand with steady growth. The new location will only help in putting it in a better place.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$91,639

$411,922

COGS

$43,070

$234,344

Tax

$4,794

$43,613

 

 

Net Income

$-4,300

$-64,680

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$65,000

$24,000

Accounts Receivable

$2,500

$12,175

Total Assets

$473,000

$217,000

Short-Term Debt

$5,250

$16,175

Long-Term Debt

$185,000

$24,000

Total Liabilities

$190,250

$40,175

Financials as of: 06/21/2020
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Steady Habit Brewing Company on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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