The Balloon Factory by FAB Beer
Brewery
Overview
Raised: $48,100
Total Commitments ($USD)
Platform
MainVest
Start Date
08/18/2020
Close Date
06/15/2021
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
06/12/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$160
# of Investors
132
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
The Balloon Factory by FAB Beer, an upcoming brewery in Somerville, MA, is raising crowdfunding on MainVest. The brewery will focus on making high-margin sales of beer, wine, and liquor on-site, in addition to the regional distribution of own contract-brewed beer. The brewery location will also host events and experiences to complement the bar’s operations. The Balloon Factory by FAB Beer is owned by Benjamin Holmes. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $250,000, and the funds will be used for location buildout, custom bar, and fixtures and equipment. The Balloon Factory by FAB Beer is being created by FAB Fermentation Arts to build on its successful beer brand.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/18/2020
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