Medford Brewing Company on Wefunder

Profitable MA beermaker opening own brewery, first in Medford.

CLOSED

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Medford Brewing Company Website

minimum raise

$60,000

maximum raise

$701,000

start date

02/28/2019

stop date

05/24/2019

security type

Revenue Share

investment minimum

$100

raised to date

$244,265

reporting date

CLOSED

number of investors

411

percent of minimum raised

407%

percent of maximum raised

35%

likelihood of reaching max

Likely to Reach Max

dollars per day to reach max

$0

dollars per day committed

$2,874

dollars per day - category-

$1,014

dollars per day committed - all companies

$1,073
More SEC Filing Data on Medford Brewing Company from Crowdfilings.com

Medford Brewing Company, a Massachusetts based beer maker, is raising funds on WeFunder. The company has been a profitable beer maker for over two years and plans to open a brewery now. It creates four different styles of brewed beer using locally-grown hop. The product lines include American Pale Ale, American Golden Ale, India Pale Ale, and Double India Pale Ale. Medford Brewing Company was founded by Nick Bolitho and Max Heinegg in 2016. The proceeds of the current crowdfunding round, with a maximum target of $701,000, will be used to open the first brewery in Medford. The products of Medford Brewing Company are already available in more than 150 stores, and the company operates at a per barrel profit margin of 27%. The current quarterly revenues are $48,192 which are expected to increase to $346,591 after the brewery opens.