Overview
Raised: $2,900
Total Commitments ($USD)
Platform
MainVest
Start Date
11/01/2020
Close Date
01/27/2021
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/26/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$34
# of Investors
5
Momentum
Not Funded
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Lochiel Brewing, a brewery in Mesa, AZ, is raising funds on MainVest. It is a 10-barrel full-electric brewhouse, with several 7-barrel and 15-barrel fermenters. The brewery produces a range of Scottish-style, strong malt-forward beers. Ian Cameron founded Lochiel Brewing in 2015. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $50,000. The funds will be used for purchasing additional equipment to increase production and expand product offerings. Lochiel Brewing has already created brand recognition for its beers and caters to the Scottish/Irish community in Arizona. The brewery plans to expand its bottling, production volume, and marketing to increase sales and revenues.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$141,888 |
$120,524 |
|
COGS |
$46,292 |
$30,407 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-37,896 |
$-37,691 |
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: 11/01/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Lochiel Brewing | 01/26/2021 | MainVest | - | $2,900 | Revenue Share | Not Funded | RegCF |
| Lochiel Brewing | 10/27/2020 | MainVest | - | $61,100 | Revenue Share | Funded | RegCF |
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