Data / Crowdfunding / Texas / South Austin Beer Partners, LLC dba South Austin Brewery
South Austin Beer Partners, LLC dba South Austin Brewery: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2017)
South Austin Beer Partners, LLC dba South Austin Brewery, a limited liability company in Austin, TX, filed a Form C with the SEC on February 17, 2017 to raise $50,000 to $1,000,000 in debt through Wefunder Portal LLC. The offering closed on February 24, 2017. In its most recent fiscal year it reported $576,766 in revenue and a net loss of $181,769, with 6 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- southaustinbrewery.com
- Funding portal
- Wefunder Portal LLC
- Address
- 415 East St. Elmo Rd. #1, Austin, TX 78745
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- September 16, 2013
- SEC CIK
- 0001687382
Offering terms
From the amendment filed February 17, 2017.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- February 24, 2017
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise
Financials
From the Form C-U filed March 10, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $576,766 | $259,163 | sec.gov |
| Cost of goods sold | $105,073 | $276,227 | sec.gov |
| Net income | $-181,769 | $-561,639 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $398,638 | $52,042 | sec.gov |
| Cash | $23,347 | $21,495 | sec.gov |
| Accounts receivable | $6,608 | $13,610 | sec.gov |
| Short-term debt | $259,736 | $180,500 | sec.gov |
| Long-term debt | $565,041 | $580,124 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 10, 2017 | Progress update | $50,000 | $1,000,000 | March 10, 2017 | $216,943.00 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 02-24-2017 | sec.gov |
| February 17, 2017 | Amendment | $50,000 | $1,000,000 | February 24, 2017 | Move deadline date to February 24, include video transcript and updated business plan. | sec.gov |
| October 26, 2016 | Offering | $50,000 | $1,000,000 | April 28, 2017 | sec.gov |
Updated March 10, 2017. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.