Old Humble Distilling Company

Old Humble Distilling Company

Distillery

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Humble, TX
Offering Date
December 04, 2020
Expected Close Date
February 17, 2021
Target Raise
$100.00K-$250.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $180. They will owe you this amount by 1/1/2028, regardless of revenue.

Company Description

The Old Humble Distilling Company was founded on one mission: Make the best bourbon, period. As our bourbon matures, so too will our mission so that we can add more spirits and expand our menu of offerings that reflect the true taste and texture of Texas and the heritage of the Humble oilfields. But as we grow we will never take our eye off the core business of making the best bourbon, period. Because life is too short for bad whiskey and too long to do nothing about it.

Use of Proceeds

  • Equipment: $60,000
  • Distilling Assistant/Personnel: $40,000
  • Tasting Room and Event Space: $58,000
  • Marketing and promotions: $77,000
  • Mainvest Compensation: $15,000

Management Team / Advisory Board Bios

Joseph Breda
Owner
Joseph Breda calls himself a “spirit guide.” He has over 25 years of brewing and distilling experience He started the Big Thicket Distilling Company in 2012. In 2015 he moved the company to Humble, Texas and rebranded it as the Old Humble Distililng Company. For 7 years the company operated on a part time basis as he learned about the distilling industry in Texas and in 2019 he left his full time job to commit his full attention to growing the Old Humble Distilling Company."The time was right. We have the right distributor, the right retail partners, and a new facility to handle our growth. Everything is in place to take the distillery to the next level. We are ready." - Joseph Breda

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $180. They will owe you this amount by 1/1/2028, regardless of revenue.

Amount Raised : $57,300
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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