Copperworks Distilling Co.

Copperworks Distilling Co.

2018 "Distillery of The Year" intends to double whiskey production and sales

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Security Type
Equity
Categories
Other
Offering Date
March 05, 2020
Expected Close Date
June 03, 2020
Target Raise
$250.00K-$1.07M
Deal Notes

$0.39 per share

Security Type: Common Stock

$25K+ pro rata right threshold

Valuation
$7,800,000

Company Description

Copperworks Distilling Co. produces American Single Malt Whiskey, gin, and vodka, all from a base of malted barley. We sell our spirits through our tasting room and retail store on the downtown Seattle waterfront and in distribution to bars, restaurants, grocery stores, and liquor stores throughout Washington State.

Perks

Invest $500+ for Invitations to quarterly phone call and annual meeting.
$1,000+ 10% discount on all purchases from Copperworks Distilling, (not including tax and shipping fees.)
$2,200+ Invitation to join our on-line taste panel for all regular releases. Free tasting of our core line of spirits anytime you visit our tasting room.
$5,000+ One week early access to all special releases. Free tasting for you and up to 3 guests of our core line of spirits in our tasting room.
$10,000+ Base event rental fee waived for one private evening event.
$15,000+ Spend a day with our distillers, including lunch (or dinner) with one of the management team.
$20,000+ Help select a single cask of whiskey to be bottled and sold to the public.
$50,000+ Receive an invitation to join our board of advisors.

Key Deal Facts

More than six years of successful operation with increased annual revenue and sales volume. Best year ever in 2019 with $915,000 in revenue.
A seasoned industry professional directs the company. Experienced, trained staff and high-capacity equipment allow quick growth.
Stunning showpiece distillery and tasting room in highly visible waterfront location; 30K+ visitors to the distillery in 2019.
Located in tourist district: 6.7 million visitors to the Seattle waterfront in 2019; expected to surpass 20 million by 2024.
Internationally recognized products: Copperworks whiskey and gins have won double-gold medals and scored 94 - 96 points in competitions.
Thorough distribution in WA State: Placed in 340+ bar/restaurant accounts and 130+ retailer accounts.
More than 260 barrels of whiskey aging in inventory. Demand exceeds our supply of mature whiskey.

Use of Proceeds

$250,000:

92.5% towards whiskey production, and 7.5% towards Wefunder fees

$400,000:

57.8% towards increased whiskey production, 34.7% towards additional production equipment and warehouse space rental, and 7.5% towards Wefunder fees

$550,000:

42% towards increased whiskey production, 25.3% towards additional production equipment and warehouse space rental, 25.2% towards sales staff and support for WA market, and 7.5% towards Wefunder fees

$700,000:

33% towards increased whiskey production, 19.9% towards additional production equipment and warehouse space rental, 19.8% towards sales staff and support for WA market, 19.8% towards sales staff and support for 3-4 new markets, and 7.5% towards Wefunder fees

$925,000:

25% towards increased whiskey production, 15% towards additional production equipment and warehouse space rental, 15% towards sales staff and support for WA market, 15% towards sales staff and support for 3-4 new markets, 22.5% staff and support for events, and 7.5% towards Wefunder fees

$1,070,000:

21.5% towards increased whiskey production, 13% towards additional production equipment and warehouse space rental, 13% towards sales staff and support for WA market, 13% towards sales staff and support for 3-4 new markets, 19.5% staff and support for events, 12.5% additional PR, advertising, design work, and new site planning, and 7.5% towards Wefunder fees

Management Team / Advisory Board Bios

Jason Parker
Co-Founder/President
Jason was the first brewer at Pike Place Brewery in 1989, helped open Fish Tale Ales in Olympia, WA, worked at Red Hook Brewery, and helped build and run Pyramid Brewing in Seattle, WA. He's now making American Single Malt Whiskey from malted barley.

Micah Nutt
Co-Founder/Vice President
Micah, a long-time software engineer who is also a skilled and technical home brewer, ran the distilling operations at Copperworks for the first 5 years. Before retiring from daily production in June 2019, he spent 6 months training our distillers.

Jeffrey Kanof
Vice President/Co-Owner
Jeff is an attorney who headed west to be part of the craft spirits movement. After assisting in launching Letterpress Distilling in Seattle, he joined Copperworks and is now spreading the word of American Single Malt Whiskey.

Deal Notes

$0.39 per share

Security Type: Common Stock

$25K+ pro rata right threshold

Amount Raised : $534,293
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