Overview
Raised: $126,600
Total Commitments ($USD)
Platform
MainVest
Start Date
06/10/2021
Close Date
08/04/2021
Min. Goal
$75,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,344
# of Investors
120
Momentum
Funded
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Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Tilton Brothers Brewing, a brewery in Hampton, NH, is raising crowdfunding on MainVest. The brewery sells excellent craft beer, including Pale Ale, American IPA, Double IPA, Mango Sour Ale, and Belgian Witbier. The food offerings include local pulled pork, local house burger blend, and local haddock. Joseph Chase, Ben Tilton, and Dave Tilton founded Tilton Brothers Brewing in 2017. The proceeds of the current crowdfunding round, with a minimum target of $75,000 and a maximum target of $150,000, will be used for the glycol system upgrade, new 7bbl FVs, new brewhouse system, and working capital. Tilton Brothers Brewing opened in March 2019 and acquired a canning line in November 2020. The company now plans to expand the business.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$245,866 |
$174,596 |
|
COGS |
$156,329 |
$238,841 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-93,929 |
$-253,400 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,645 |
$13,865 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$38,699 |
$46,056 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/10/2021
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