Splash Wines

Never Buy A Wine That Doesn’t Meet Your Highest Expectations

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Security Type
Common Stock
Categories
Alcohol
Min Investment
$499
Location
Eagle, ID
Offering Date
June 22, 2023
Expected Close Date
October 30, 2023
Target Raise
$15.00K-$3.00M
No. Investors
676
Security Price
$1.87
Website
splashwines.com
Number of Employees
20
Cash
$372,302
Revenue
$29,579,543
Short Term Debt
$6,796,430
Cost of Goods
$25,085,839
Long Term Debt
$226,605
Net Income
$396,210

Company Description

Splash Wines is a leading direct-to-consumer (DTC) e-commerce wine company with revenues of $29,579,543 in 2022, making it a profitable and thriving leader in the wine industry.

Management Team / Advisory Board Bios

Robert Mackay ImesonChief Executive Officer, DirectorRob graduated from the Netherlands School of International Business in 1973 and Oregon State University in 1975. He started his career in the wine business in 1976, working for Noble Wines & Spirits. Rob was named President of Clan Importers in 1982. From 1985-1996 Rob built and went public with Simpatico Wines and launched MicroStar Keg Management. In 2009, Rob created Barclay’s Wine, a DTC wine marketing company, which was acquired by Drinks, Inc in 2013. Rob formed Splash Wines Inc. in 2014, Abigail Knox BermanDirectorAbby graduated from the University of Colorado with a BA in Advertising and Marketing. She went on to be a co-founder and COO of W4, a premier digital and affiliate marketing agency which was sold to Digital Media Solutions in 2018. Abby has served on Splash’s Board since inception. Bruce Samuel CunninghamPresident, DirectorA 35-year wine industry executive, with extensive experience in wine sourcing, production and marketing. Bruce set-up AW Direct in 1996, a significant wine importer, producer & distributors in the US, before selling the company in 2015. Bruce was one of the initial investors in Splash and is now President, with specific responsibility for supporting product development and supply chain operations. Bruce was educated at Sydney Technical College (Business Studies, Marketing major) and graduated from the University of Adelaide (International Wine Marketing) Garrett Mackay ImesonChief Marketing OfficerAccepted into the University of Washington at the age of 16, Garrett graduated at the age of 20 and entered Marketing in the alcohol space, spending several years gaining experience in the craft beer and DTC wine space. Garrett is a founding partner of Splash Wines and has led the Splash revenue generation program since the company’s inception Parker Louis ImesonChief Operating OfficerAfter graduating with a BA from the Univeristy of Arizona in 2014, I started with Splash in January of 2015 in a customer service capacity. My role quickly expanded to fit the needs of our growing business - first with the daily management of inventory, then customer loyalty program development, followed by systems technology oversight. In October of 2017 I was named COO. The most significant event of my tenure was navigating the business through the many challenges of the Covid-19 pandemic. Sudden explosive growth put strain across every area of our operation, it necessitated aggressive staff expansion and infrastructural upgrades amidst an unprecedented time. Splash answered the call and has emerged as an industry leader. Dale SlearChief Information OfficerDale is a technology expert who co-founded Wine Awesomeness and served as CTO. He has been designing technical applications and frameworks for the DTC eCommerce wine industry since 2013. Before his foray into eCommerce, Dale founded an aerial video production company and a boutique web design agency. He is also a former professional kitesurfer who travelled across the United States. Michael BeaneChief Financial OfficerMichael is a graduate of the University of Texas (BBA) and theUniversity of Chicago (MBA). Michael was a CPA with KPMG, worked as a Senior Manager in E&Y’s Process Improvement and Financial Advisory Services business units. He has PE and corporate operating experience as CFO. Michael works with the executive team on strategy, planning, and budgeting. Patrick William Mackay ImesonDirectorManaging Director of Black Diamond Financial Group, LLC, a Colorado base private equity venture capital group. Executive management positions in the airline, beverage, mining, energy, and finance industries.  Trevor PettennudeDirectorTrevor Pettennude is a proven Entrepreneur with a diverse portfolio of assets, which includes a merchant service banking company (Zuni Payments LLC, dba Banctek Solutions), a restaurant group (Pizza Republica), a Commercial real estate group (Zuni Capital Management), a vertically integrated cannabis company in Puerto Rico (Borincanna Inc) and most recently a 17 location Mississippi medical cannabis retail company (Rootdown LLC) and commercial related real estate company (STRS LLC). With a track record of making early round investments into over a dozen successful start-ups Trevor spends his time actively managing an array of companies and serving on boards for several companies including one NASDAQ company. He has a passion is for start-ups and building companies from the ground up. Over his career, Trevor has built up key relationships which include an array of fortune 500 companies, local businesses, and US Federal departments. Mr. Pettennude oversees and implements all major financial decisions; as wells as manages all finance employees; for his five main companies. It is Mr. Pettennude's understanding of complex corporate finance that have created the demand for his 3 outside board of director seats. Each of these companies has raised multimillions of dollars in the private debt and equity markets as well as the public Reg A markets. Mr. Pettennude has a B.A. with a major in Economics and minor in Finance.

Amount Raised : $1,036,889
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