South Austin Beer Partners LLC

South Austin Beer Partners LLC logo via Clearbit

Profile

According to their SEC filings, South Austin Beer Partners LLC is a Limited Liability Company organized in TX on 09-16-2013. They report having 6 employee(s), and revenue in their most-recent fiscal year of $576,766.00 and $259,163.00 the prior year.

Location

415 East St. Elmo Rd. #1

Austin, TX 78745

Equity Crowdfunding Campaigns

Reg CF Offering from South Austin Beer Partners, LLC dba South Austin Brewery (Previous)

Campaign Details

According to their SEC filings, South Austin Beer Partners, LLC dba South Austin Brewery previously ran a Regulation Crowdfunding campaign to raise $50,000.00 (up to a maximum of $1,000,000.00) in Debt via Wefunder before a deadline of 03-10-2017.

As compensation for managing the offering, Wefunder reported being compensated as follows:

3.0% of the offering amount upon a successful fundraise

In addition to any direct compensation, South Austin Beer Partners, LLC dba South Austin Brewery reported that Wefunder would also receive the following financial interest in the offering:

No

South Austin Beer Partners, LLC dba South Austin Brewery filed the following progress report with the SEC at the end of their campaign:

$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

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $576,766.00 $259,163.00
Cost of Goods Sold $105,073.00 $276,227.00
Taxes Paid $0.00 $0.00
Net Income $-181,769.00 $-561,639.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $23,347.00 $21,495.00
Accounts Receivable $6,608.00 $13,610.00
Short-term Debt $259,736.00 $180,500.00
Long-term Debt $565,041.00 $580,124.00

Complete Reg CF filings list for South Austin Beer Partners LLC

  • [2017-03-10T13:48:36+00:00] South Austin Beer Partners LLC filed a fundraising progress report (Form C-U) with the following update: "$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"

    File number: 020-23045

  • [2017-02-17T14:36:13+00:00] South Austin Beer Partners LLC filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Wefunder. The nature of the amendment was described as follows:

    Move deadline date to February 24, include video transcript and updated business plan.

    File number: 020-23045

  • New Filing Form C

    [2016-10-25T22:09:32+00:00] South Austin Beer Partners LLC filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $1,000,000.00) of Debt via Wefunder.

    File number: 020-23045