Monkey Wrench (1)

Monkey Wrench (1)

Production microbrewery with a taproom and large outdoor beer garden

Print
View on Honeycomb Credit
Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Snellville, GA
Offering Date
November 30, 2020
Expected Close Date
January 21, 2021
Target Raise
$25.00K-$150.00K
Deal Notes

Interest Rate: 9.00%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 60 months

Personal Guaranty: David Wayne Baxter

Security Interest: Purchase money lien in equipment

Company Description

Monkey Wrench Brewing is a production microbrewery with a taproom and large outdoor beer garden. We offer a fun atmosphere, great craft beers and space for birthday parties, corporate events, weddings and rehearsal dinners. Monkey Wrench Brewing Company will handcraft our beers in small 20-barrel batches (630 gallons) under the close personal attention of our brewers. We will start by selling in our local county and the downtown Atlanta area. Later in the year we will expand statewide. Florida and Tennessee are the next target states.

Key Deal Facts

We’ve been featured in Atlanta Journal Constitution, Explore Gwinnett, Gwinnett Daily Post, Southern Brew News, The Suwanee Magazine, Snellville Patch, and Craft Beer.com.
We’ve won many awards in many local homebrew competitions. We earned a couple of trophies at the 2012 Summits Holidaze Homebrew Competition: the People’s Choice Award for our “Very Merry Monkey Ale” (spiced, Christmas-style dark ale) and 2nd Place Award in the IPA category for “Hop Monkey IPA.” Our “Very Merry Monkey Ale” has won 1st Place in 6 competitions earning us $750 in gift cards.
Social media is the key to drive sales and branding. We’ve been at this for over 5 years and we have had much success with over 1,700 Instagram followers and over 3,200 Facebook likes.

Use of Proceeds

  • Warehouse Drains - $22,500
  • Keg Washer - $14,985
  • Canning Line - $97,925

Expansion plans for 2021 include a 20-barrel fired brewing system with 7 fermentation tanks. Monkey Wrench Brewing has invested over $500,000 in the current set-up and will add $400,000 plus in its 20 Barrel System expansion in 2021.

Deal Notes

Interest Rate: 9.00%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 60 months

Personal Guaranty: David Wayne Baxter

Security Interest: Purchase money lien in equipment

Amount Raised : $0
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment