Nippitaty Distillery

Nippitaty Distillery

A small-batch, award-winning, organic craft distillery

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Security Type
Secured Loan
Categories
Alcohol
Min Investment
$100
Location
North Charleston, SC
Offering Date
January 29, 2021
Expected Close Date
March 25, 2021
Target Raise
$30.00K-$150.00K
Deal Notes

Interest Rate: 10.25%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 54 months fully amortizing

Personal Guaranty: Traxler Littlejohn

Security Interest: Blanket lien on assets of company

Company Description

We are Nippitaty, a small-batch, award-winning, organic craft distillery in North Charleston, SC. We believe in community, organic methods, earth-friendly practices, giving back, and top-notch quality liquor.  The name Nippitaty is actually defined as “particularly good and strong liquor.”

We are South Carolina’s first organic distillery! We take pride in our organic methods and earth-friendly practices, giving back to our community, and of course, our top-notch quality liquor! Consumers, bars, and restaurants across the state have recognized the drinkability and monetary potential in our products, and now carry them in their bars.

Perks

$1000 - THANK YOU SO MUCH! At this level, we would like to honor your name (or a name in honor of someone) on our hand-painted Rejuvenation Wall, plus a choice of Nippitaty t-shirt or hat!
$2000 - At this level, we would like to invite you and 10 of your friends to our distillery for a private two-hour Tasting + Tour event. This investment level will land your name (or a name in honor of someone) on our Nippitaty Rejuvenation Wall, plus a choice of Nippitaty t-shirt or hat!
$4000 - At this level, we would like to invite you and 20 of your friends to our distillery for a private two-hour Tasting + Tour event. This investment level will land your name (or a name in honor of someone) on our Nippitaty Rejuvenation Wall, plus a choice of Nippitaty t-shirt or hat!

Use of Proceeds

  • Contractor $15,000
  • Architect $1,500
  • Structural engineer $1,500
  • 3 phase power disconnect heavy electrical $1,400
  • Plumbing (bathrooms, floor drains, and heating and air) $7,000
  • Transfer of SC license $2,700
  • Furniture and storage items $8,000
  • Moving expenses $2,000
  • Cushion $5,000
  • Debt consolidation $50,000
  • Hire Brand Ambassador $50,000

Management Team / Advisory Board Bios

Traxler Littlejohn is a father of a 4-year-old boy, a 1-year-old girl, a 10 week-old German Shepherd. He is also the husband of an amazing wife who wrote this whole campaign. Lastly, he worked in HR for 13 years and finally found his passion: making craft spirits.

He has always been inspired by his heritage. Heritage is something that is handed down as a tradition, and in his family that tradition is food. Generations of talented home cooks influenced him since he was a two-year-old boy propped up on his Nana’s kitchen counter as she faithfully prepared their meals. As far back as he can remember, he has been fascinated by the techniques, recipes, craft, and creativity of the culinary arts, working his way through high school and college in a variety of different restaurants.

During his 13 years in corporate Human Resources, he maintained his passion through hobbies and side gigs, smoking BBQ and brewing beer with buddies on the weekends. With the encouragement and support of family and friends, he finally decided to take the leap into entrepreneurship and owning his own company, putting his talents to good use and further engraining myself into the Charleston community he loves. There was never a question of what area he would venture into. As a boy, he dreamed of having his own moonshine still, hidden in the backwoods of some rural piece of property. His grown-up “man self,” now with a family and responsibilities, chose to take the legal route, and just maybe, make a living doing something that worked his body, roused my mind, and finally, fueled his passion deep within.

Deal Notes

Interest Rate: 10.25%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 54 months fully amortizing

Personal Guaranty: Traxler Littlejohn

Security Interest: Blanket lien on assets of company

Amount Raised : $0
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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.

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