The Block Distilling Co.
A craft distillery making #everydamndrop in house.
Analytics
Raised to Date: $325,924
Aggregate Commitments $
Wefunder
02/17/2021
04/30/2021
$250,000
$1,069,999
$500
Equity - Preferred
RegCF
Series A
$7,340,000
Weekly Commitments $
Active
02/24/2021
64
130%
30%
$46,561
71
Denver, Colorado
Alcohol, Tobacco, & Recreational Drugs
Non-Tech
B2C
High
High
The Block Distilling Co., with a pre-money valuation of $7.34 million, is raising crowdfunding on Wefunder. It is a craft distillery that makes small-batch spirits from start to finish in-house. Some of the products of The Block Distilling Co. include Four Grain Straight Whiskey, Summer Gin, Spring Gin, and Autumn Gin. Kraig Weaver, Michelle Weaver, and Cameron Weaver founded The Block Distilling Co. in 2015 and raised $1.5 million since the inception. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,069,999, will be used to fund expansion construction and hire an additional distillery assistant. The Block Distilling Co. has sold 120,000 drinks and 8,000 bottles and generated $1.85 million in lifetime sales since opening.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$568,476 |
$416,713 |
|
COGS |
$144,482 |
$107,350 |
|
Tax |
$8,727 |
$2,711 |
| ||
| ||
|
Net Income |
$-278,707 |
$-217,535 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$76,566 |
$13,979 |
|
Accounts Receivable |
$4,932 |
$8,993 |
|
Total Assets |
$1,661,950 |
$1,331,564 |
|
Short-Term Debt |
$823,921 |
$328,561 |
|
Long-Term Debt |
$811,006 |
$0 |
|
Total Liabilities |
$1,634,927 |
$1,181,200 |
Ratings
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