The Block Distilling Co.

Neutral
BETA

A craft distillery making #everydamndrop in house.

Analytics

Raised to Date: $325,924

Aggregate Commitments $
Platform

Wefunder

Start Date

02/17/2021

Close Date

04/30/2021

Min. Goal

$250,000

Max. Goal

$1,069,999

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$7,340,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

64

% of Min. Goal

130%

% of Max. Goal

30%

Likelihood of Max
Avg. Daily Raise

$46,561

# of Investors

71

Momentum
Location

Denver, Colorado

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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

last updated 02/25/2021

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